Netflix Inc. 12 Months Ended Consolidated Statements Of Cash Flows (in millions Dec. 31, 2020 Dec. 31, 2019 Dec. 31, vids Cash flows from operating activities: Net income 2,761,395 1,866,916 1,211,242 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Additions to content assets (11,779,284) (13,916,683) (13,043,437) Change in content liabilities (757,433) (694,011) 999,880 Amortization of content assets 10,806,912 9,216,247 7,532,088 Depreciation and amortization of property, equipment and intangibles 115,710 103,579 83,157 Stock-based compensation expense 415,180 405,376 320,657 Foreign currency remeasurement loss (gain) on debt 533,278 (45,576) (73,953) Other non-cash items 293,126 228,230 81,640 Deferred income taxes 70,066 (94,443) (85,520) Changes in operating assets and liabilities: Other current assets (187,623) (252,113) (200,192) Accounts payable (41,605 96,063 199,198 Accrued expenses and other liabilities 198,183 157,778 150,422 Deferred revenue 193,247 163,846 142,277 Other non-current assets and liabilities (194,075) (122,531) 2,062 Net cash provided by (used in) operating activities 2,427,077 (2,887,322) (2,680,479 Cash flows from investing activities: Purchases of property and equipment (497,923) (253,035) (173,946) Change in other assets (7,431 (134,029 (165,174) Net cash used in investing activities 505,354) 387,064) (339,120) Cash flows from financing activities: Proceeds from issuance of debt 1,009,464 4,469,306 3,961,852 Debt issuance costs (7,559) (36,134) (35,871) Proceeds from issuance of common stock 235,406 72,490 124,502 Other financing activities (1,956) Net cash provided by financing activities 1,237,311 4,505,662 4,048,527 Effect of exchange rate changes on cash, cash equivalents and restricted ce 36,050 469 (39,682) Mat incran tristad rach 3,195,084 1,231,745 989,246 5,043,786 3,812,041 2,822,795Netflix Inc. 12 Months Ended Consolidated Income Statement . Dec. 31, 2020 Dec. 31, 2013 Dec. 31, 2013 {In thousands] Flevenues $ 24,995,055 $20,155,442 $ 15,294,341 Cost of revenues 15,225,319 12,440,213 9,952,533 Gross Margin 9,219,232 2,215,234 5,325,303 Expenses: Marketing expense 2,223,352 2,552,452 2,359,459 Technology and development expense 1,329,500 1,545,149 1,221,314 General and administrative expense 1,025,435 914,359 530,294 Total Expenses 5,134,443 5,111,930 4,221,522 Operating income 4,535,239 2,504,254 1,505,225 Interest expense 252,499 525,023 420,493 Other income {expense} {513,441} 34,000 41,225 Income before income tax expense 3,199,349 2,052,231 1,225,453 Income tax expense {432,954} {195,315} {15,215} Net income $2,251,395 $1,355,915 $1,211,242 Earnings per share $5.25 $4.25 $2.23 Dividend per share $0.00 $ 0.00 $ 0.00 Closing Market Price $540.23 $323.52 $252.55 Netflix Inc. As of Consolidated Balance Sheet (in thousands) Dec. 31, 2020 Dec. 31, 2019 |Dec. 31, 2018 Current assets: Cash and cash equivalents $ 8,205,550 $ 5,018,437 $3,794,483 Current content assets, net 5,151,186 Other current assets 1,556,030 1,160,067 748,466 Total current assets 9,761,580 6,178,504 9,694,135 Non-current assets: Content assets, net 25,383,950 24,504,567 14,960,954 Property and equipment, net 960,183 565,221 418,281 Other non-current assets 3,174,646 2,727,420 901,030 Total non-current assets 29,518,779 27,797,208 6,280,265 Total assets 39,280,359 33,975,712 25,974,400 Current liabilities: Current content liabilities 4,429,536 4,413,561 4,686,019 Accounts payable 656,183 674,347 562,985 Accrued expenses 1,102,196 843,043 477,417 Deferred revenue 1,117,992 924,745 760,899 Short-term debt 499,878 Total current liabilities 7,805,785 6,855,696 6,487,320 Non-current liabilities: Non-current content liabilities 2,618,084 3,334,323 3,759,026 Long-term debt 15,809,095 14,759,260 10,360,058 Other non-current liabilities 1,982,155 1,444,276 129,231 Total non-current liabilities 20,409,334 19,537,859 14,248,315 Total liabilities 28,215,119 26,393,555 20,735,635 Owner's Equity: Preferred stock Common stock 3,447,698 2,793,929 2,315,988 Accumulated other comprehensive loss 44,398 (23,521) (19,582) Retained earnings 7,573,144 4,811,749 2,942,359 Total owner's equity 11,065,240 7,582,157 5,238,765 Total liabilities and stockholders' equity $ 39,280,359 5 33,975,712 $ 25,974,400