Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Netflix.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.00B | $33.72B | $31.62B | $29.70B | $25.00B | $20.16B | $15.79B | $11.69B | $8.83B | $6.78B |
| Cost of Revenue | $21.04B | $19.72B | $19.17B | $17.33B | $15.28B | $12.44B | $9.97B | $7.66B | $6.03B | $4.59B |
| Gross Profit | $17.96B | $14.01B | $12.45B | $12.37B | $9.72B | $7.72B | $5.83B | $4.03B | $2.80B | $2.19B |
| Gross Profit Ratio | 46.06% | 41.54% | 39.37% | 41.64% | 38.89% | 38.28% | 36.89% | 34.49% | 31.72% | 32.27% |
| Research and Development Expenses | $2.93B | $2.68B | $2.71B | $2.27B | $1.83B | $1.55B | $1.22B | $1.05B | $852.10M | $650.79M |
| General and Administrative Expenses | $1.70B | $1.72B | $1.57B | $1.35B | $1.08B | $914.37M | $630.29M | $863.57M | $577.80M | $407.33M |
| Selling and Marketing Expenses | $2.92B | $2.66B | $2.53B | $2.55B | $2.23B | $2.65B | $2.37B | $1.28B | $991.08M | $824.09M |
| Selling General and Administrative Expenses | $4.62B | $4.38B | $4.10B | $3.90B | $3.30B | $3.57B | $3.00B | $2.14B | $1.57B | $1.23B |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $7.54B | $7.05B | $6.81B | $6.17B | $5.13B | $5.11B | $4.22B | $3.19B | $2.42B | $1.88B |
| Cost and Expenses | $28.58B | $26.77B | $25.98B | $23.50B | $20.41B | $17.55B | $14.19B | $10.85B | $8.45B | $6.47B |
| Interest Income | $- | $- | $337.31M | $411.21M | $725.94M | $84.00M | $41.73M | $- | $30.83M | $- |
| Interest Expense | $718.73M | $748.60M | $706.21M | $765.62M | $1.39B | $626.02M | $420.49M | $353.36M | $150.11M | $163.94M |
| Depreciation and Amortization | $15.63B | $14.55B | $14.36B | $12.44B | $10.92B | $9.32B | $7.66B | $6.33B | $4.92B | $3.55B |
| EBITDA | $24.88B | $21.51B | $20.33B | $19.04B | $15.51B | $12.01B | $9.30B | $838.68M | $5.34B | $3.85B |
| EBITDA Ratio | 63.79% | 63.78% | 64.31% | 64.13% | 62.04% | 59.57% | 58.90% | 7.17% | 60.42% | 56.83% |
| Operating Income | $10.42B | $6.95B | $5.63B | $6.19B | $4.59B | $2.60B | $1.61B | $838.68M | $379.79M | $305.83M |
| Operating Income Ratio | 26.71% | 20.62% | 17.82% | 20.86% | 18.34% | 12.92% | 10.16% | 7.17% | 4.30% | 4.51% |
| Total Other Income Expenses Net | $-451.96M | $-748.60M | $-368.90M | $-354.41M | $-1.39B | $-542.02M | $-378.77M | $-353.36M | $-119.29M | $-163.94M |
| Income Before Tax | $9.97B | $6.21B | $5.26B | $5.84B | $3.20B | $2.06B | $1.23B | $485.32M | $260.51M | $141.88M |
| Income Before Tax Ratio | 25.55% | 18.40% | 16.65% | 19.67% | 12.80% | 10.23% | 7.77% | 4.15% | 2.95% | 2.09% |
| Income Tax Expense | $1.25B | $797.41M | $772.00M | $723.88M | $437.95M | $195.31M | $15.22M | $-73.61M | $73.83M | $19.24M |
| Net Income | $8.71B | $5.41B | $4.49B | $5.12B | $2.76B | $1.87B | $1.21B | $558.93M | $186.68M | $122.64M |
| Net Income Ratio | 22.34% | 16.04% | 14.21% | 17.23% | 11.05% | 9.26% | 7.67% | 4.78% | 2.11% | 1.81% |
| EPS | $20.28 | $12.25 | $10.10 | $11.55 | $6.26 | $4.26 | $2.78 | $1.29 | $0.44 | $0.29 |
| EPS Diluted | $19.83 | $12.03 | $9.95 | $11.24 | $6.08 | $4.13 | $2.68 | $1.25 | $0.43 | $0.28 |
| Weighted Average Shares Outstanding | 429.52M | 441.57M | 444.70M | 443.15M | 440.92M | 437.80M | 435.37M | 431.88M | 428.82M | 425.89M |
| Weighted Average Shares Outstanding Diluted | 439.26M | 449.50M | 451.29M | 455.37M | 454.21M | 451.76M | 451.24M | 446.81M | 438.65M | 436.46M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $7.80B | $7.12B | $5.15B | $6.03B | $8.21B | $5.02B | $3.79B | $2.82B | $1.47B | $1.81B |
| Short Term Investments | $1.78B | $20.97M | $911.28M | $- | $- | $- | $- | $- | $266.21M | $501.38M |
| Cash and Short Term Investments | $9.58B | $7.14B | $6.06B | $6.03B | $8.21B | $5.02B | $3.79B | $2.82B | $1.73B | $2.31B |
| Net Receivables | $1.99B | $1.84B | $988.90M | $804.32M | $610.82M | $454.40M | $362.71M | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $1.53B | $938.19M | $2.22B | $1.24B | $945.21M | $705.67M | $5.54B | $4.85B | $3.99B | $3.12B |
| Total Current Assets | $13.10B | $9.92B | $9.27B | $8.07B | $9.76B | $- | $9.69B | $7.67B | $5.72B | $5.43B |
| Property Plant Equipment Net | $1.59B | $3.57B | $3.63B | $3.77B | $3.00B | $2.10B | $418.28M | $319.40M | $250.40M | $173.41M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $32.45B | $12.72B | $32.74B | $30.92B | $25.38B | $- | $14.95B | $10.37B | $7.27B | $4.31B |
| Goodwill and Intangible Assets | $32.45B | $12.72B | $32.74B | $30.92B | $25.38B | $- | $14.95B | $10.37B | $7.27B | $4.31B |
| Long Term Investments | $- | $- | $20.00M | $24.12M | $31.54M | $16.26M | $16.26M | $4.40M | $4.91M | $6.09M |
| Tax Assets | $- | $- | $261.54M | $148.09M | $589.09M | $658.21M | $564.42M | $478.27M | $227.25M | $180.57M |
| Other Non-Current Assets | $6.48B | $22.52B | $2.68B | $1.65B | $516.29M | $25.03B | $330.16M | $169.64M | $109.26M | $98.14M |
| Total Non-Current Assets | $40.53B | $38.81B | $39.33B | $36.51B | $29.52B | $27.80B | $16.28B | $11.34B | $7.87B | $4.77B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $53.63B | $48.73B | $48.59B | $44.58B | $39.28B | $33.98B | $25.97B | $19.01B | $13.59B | $10.20B |
| Account Payables | $899.91M | $747.41M | $671.51M | $837.48M | $656.18M | $674.35M | $562.99M | $359.56M | $312.84M | $253.49M |
| Short Term Debt | $1.78B | $399.84M | $- | $699.82M | $499.88M | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $1.52B | $1.44B | $1.26B | $1.21B | $1.12B | $924.75M | $760.90M | $618.62M | $443.47M | $346.72M |
| Other Current Liabilities | $6.55B | $6.27B | $5.99B | $5.74B | $5.53B | $5.26B | $5.16B | $4.49B | $3.83B | $2.93B |
| Total Current Liabilities | $10.76B | $8.86B | $7.93B | $8.49B | $7.81B | $6.86B | $6.49B | $5.47B | $4.59B | $3.53B |
| Long Term Debt | $13.80B | $16.19B | $16.58B | $17.10B | $17.75B | $16.18B | $10.36B | $6.50B | $3.36B | $2.37B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $4.33B | $3.09B | $3.31B | $3.14B | $2.65B | $3.36B | $3.89B | $3.47B | $2.96B | $2.08B |
| Total Non-Current Liabilities | $18.13B | $19.28B | $19.89B | $20.25B | $20.41B | $- | $14.25B | $9.96B | $6.32B | $4.45B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $28.89B | $28.14B | $27.82B | $28.74B | $28.22B | $- | $20.74B | $15.43B | $10.91B | $7.98B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $6.25B | $5.15B | $4.64B | $4.02B | $3.45B | $- | $2.32B | $1.87B | $1.60B | $1.32B |
| Retained Earnings | $31.30B | $22.59B | $17.18B | $12.69B | $7.57B | $- | $2.94B | $1.73B | $1.13B | $941.92M |
| Accumulated Other Comprehensive Income Loss | $362.16M | $-223.94M | $-217.31M | $-40.49M | $44.40M | $-23.52M | $-19.58M | $-20.56M | $-48.56M | $-43.31M |
| Other Total Stockholders Equity | $-13.17B | $-6.92B | $-824.19M | $-824.19M | $- | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $24.74B | $20.59B | $20.78B | $15.85B | $11.07B | $7.58B | $5.24B | $3.58B | $2.68B | $2.22B |
| Total Equity | $24.74B | $20.59B | $20.78B | $15.85B | $11.07B | $7.58B | $5.24B | $3.58B | $2.68B | $2.22B |
| Total Liabilities and Stockholders Equity | $53.63B | $48.73B | $48.59B | $44.58B | $39.28B | $33.98B | $25.97B | $19.01B | $13.59B | $10.20B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $53.63B | $48.73B | $48.59B | $44.58B | $39.28B | $33.98B | $25.97B | $19.01B | $13.59B | $10.20B |
| Total Investments | $1.78B | $20.97M | $911.28M | $24.12M | $31.54M | $16.26M | $16.26M | $4.40M | $266.21M | $501.38M |
| Total Debt | $15.58B | $14.54B | $14.35B | $15.39B | $16.31B | $14.76B | $10.36B | $6.50B | $3.36B | $2.37B |
| Net Debt | $7.78B | $7.43B | $9.21B | $9.37B | $8.10B | $9.74B | $6.57B | $3.68B | $1.90B | $562.03M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $8.71B | $5.41B | $4.49B | $5.12B | $2.76B | $1.87B | $1.21B | $558.93M | $186.68M | $122.64M |
| Depreciation and Amortization | $15.63B | $14.55B | $14.36B | $12.44B | $10.92B | $9.32B | $7.66B | $6.33B | $4.92B | $3.55B |
| Deferred Income Tax | $-590.70M | $-459.36M | $-166.55M | $199.55M | $70.07M | $-94.44M | $-85.52M | $-208.69M | $-46.85M | $-58.66M |
| Stock Based Compensation | $272.59M | $339.37M | $575.45M | $403.22M | $415.18M | $405.38M | $320.66M | $182.21M | $173.68M | $124.72M |
| Change in Working Capital | $-33.08M | $-116.15M | $-758.09M | $-241.98M | $-31.87M | $43.04M | $293.77M | $58.98M | $192.38M | $172.89M |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $121.35M | $93.50M | $-158.54M | $145.12M | $-41.60M | $96.06M | $199.20M | $74.56M | $32.25M | $51.62M |
| Other Working Capital | $-154.43M | $-209.65M | $-599.54M | $-387.09M | $9.73M | $-53.02M | $94.57M | $-15.58M | $160.13M | $121.27M |
| Other Non Cash Items | $-16.63B | $-12.45B | $-16.48B | $-17.52B | $-11.71B | $-14.43B | $-12.08B | $-8.71B | $-6.90B | $-4.66B |
| Net Cash Provided by Operating Activities | $7.36B | $7.27B | $2.03B | $392.61M | $2.43B | $-2.89B | $-2.68B | $-1.79B | $-1.47B | $-749.44M |
| Investments in Property Plant and Equipment | $-439.54M | $-348.55M | $-407.73M | $-524.59M | $-497.92M | $-253.03M | $-212.53M | $-227.02M | $-184.83M | $-169.21M |
| Acquisitions Net | $- | $- | $-757.39M | $-788.35M | $- | $- | $- | $-53.72M | $-77.18M | $-77.96M |
| Purchases of Investments | $-1.74B | $-504.86M | $-911.28M | $- | $- | $- | $- | $-74.82M | $-187.19M | $-371.92M |
| Sales Maturities of Investments | $- | $1.40B | $757.39M | $- | $- | $- | $- | $342.86M | $422.73M | $363.84M |
| Other Investing Activities | $- | $- | $-757.39M | $-26.92M | $-7.43M | $-134.03M | $-126.59M | $47.03M | $76.24M | $76.05M |
| Net Cash Used for Investing Activities | $-2.18B | $541.75M | $-2.08B | $-1.34B | $-505.35M | $-387.06M | $-339.12M | $34.33M | $49.77M | $-179.19M |
| Debt Repayment | $1.39B | $- | $-700.00M | $-500.00M | $1.01B | $4.47B | $3.96B | $3.02B | $1.00B | $1.50B |
| Common Stock Issued | $832.89M | $169.99M | $35.75M | $174.41M | $235.41M | $72.49M | $124.50M | $88.38M | $36.98M | $77.98M |
| Common Stock Repurchased | $-6.26B | $-6.05B | $- | $-600.02M | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-38.03M | $-75.45M | $- | $-224.17M | $-7.56M | $-36.13M | $-37.83M | $-31.90M | $91.63M | $140.28M |
| Net Cash Used Provided by Financing Activities | $-4.07B | $-5.95B | $-664.25M | $-1.15B | $1.24B | $4.51B | $4.05B | $3.08B | $1.09B | $1.64B |
| Effect of Forex Changes on Cash | $-416.33M | $82.68M | $-170.14M | $-86.74M | $36.05M | $469.00K | $-39.68M | $29.85M | $-9.16M | $-15.92M |
| Net Change in Cash | $688.82M | $1.95B | $-884.53M | $-2.18B | $3.20B | $1.23B | $989.25M | $1.36B | $-341.75M | $695.72M |
| Cash at End of Period | $7.81B | $7.12B | $5.17B | $6.06B | $8.24B | $5.04B | $3.81B | $2.82B | $1.47B | $1.81B |
| Cash at Beginning of Period | $7.12B | $5.17B | $6.06B | $8.24B | $5.04B | $3.81B | $2.82B | $1.47B | $1.81B | $1.11B |
| Operating Cash Flow | $7.36B | $7.27B | $2.03B | $392.61M | $2.43B | $-2.89B | $-2.68B | $-1.79B | $-1.47B | $-749.44M |
| Capital Expenditure | $-439.54M | $-348.55M | $-407.73M | $-524.59M | $-497.92M | $-253.03M | $-212.53M | $-227.02M | $-184.83M | $-169.21M |
| Free Cash Flow | $6.92B | $6.93B | $1.62B | $-131.97M | $1.93B | $-3.14B | $-2.89B | $-2.01B | $-1.66B | $-918.64M |