Netflix Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	13,374	10,981	8,712	5,408	4,492	5,116
Depreciation & Amortization	351.9	333.39	328.91	356.95	336.68	208.41
Stock-Based Compensation	436.88	368.45	272.59	339.37	575.45	403.22
Other Adjustments	17,292	16,630	15,084	14,426	14,040	12,376
Changes in Accounts Payable	268.54	-8.04	121.35	93.5	-158.54	145.12
Changes in Accrued Expenses	1,871	881.22	191.9	103.57	-55.51	180.34
Changes in Unearned Revenue	133.72	254.92	77.84	178.71	27.36	91.35
Changes in Other Operating Activities	-21,077	-19,292	-17,427	-13,632	-17,231	-18,128
Operating Cash Flow	12,650	10,149	7,361	7,274	2,026	392.61
Operating Cash Flow Growth	59.36%	37.87%	1.20%	259.00%	416.10%	-83.82%
Capital Expenditures	-756.07	-688.22	-439.54	-348.55	-407.73	-524.59
Purchases of Investments	-13.95	-169.97	-1,742	-504.86	-911.28	-
Proceeds from Sale of Investments	1,147	1,917	-	1,395	-	-
Payments for Business Acquisitions	-	-17.19	-	-	-757.39	-788.35
Other Investing Activities	-	-	-	-	-	-26.92
Investing Cash Flow	-225.85	1,042	-2,182	541.75	-2,076	-1,340
Long-Term Debt Issued	-	-	1,794	-	-	-
Long-Term Debt Repaid	-1,033	-1,833	-400	-	-700	-500
Net Long-Term Debt Issued (Repaid)	-1,033	-1,833	1,394	-	-700	-500
Issuance of Common Stock	364.67	666.97	832.89	169.99	35.75	174.41
Repurchase of Common Stock	-6,861	-9,127	-6,264	-6,045	-	-600.02
Net Common Stock Issued (Repurchased)	-6,497	-8,460	-5,431	-5,875	35.75	-425.61
Other Financing Activities	-17.99	-51.97	-38.03	-75.45	-	-224.17
Financing Cash Flow	-7,548	-10,346	-4,074	-5,951	-664.25	-1,150
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	386.52	-416.33	82.68	-	-
Net Cash Flow	4,876	1,232	688.82	1,948	-714.39	-2,097
Free Cash Flow	11,894	9,461	6,922	6,926	1,619	-131.98
Free Cash Flow Growth	25.72%	36.68%	-0.06%	327.90%	-	-
FCF Margin	25.37%	20.94%	17.75%	20.54%	5.12%	-0.44%
Free Cash Flow Per Share	2.75	2.18	1.58	1.54	0.36	-0.03
Levered Free Cash Flow	-6,868	-9,371	-7,040	-7,840	-13,697	-13,411
Unlevered Free Cash Flow	-7,600	-7,016	-8,040	-7,188	-12,682	-12,601

SEC Filings: 10-K · 10-Q