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Netflix Inc.: Balance Sheet
Netflix Inc.: Balance Sheet
BALANCE SHEET
Values in USD Millions
https://www.investopedia.com/markets/stocks/nflx/
12/31/2018 12/31/2017 12/31/2016
Assets
Cash & Short Term Investments 3,794 2,823 1,734
Short Term Receivables - - -
Inventories - - -
Other Current Assets 5,900 4,847 3,987
Total Current Assets 9,694 7,670 5,720
Net Property, Plant & Equipment 418 319 250
Total Investments And Advances 16 4 5
Long Term Note Receivable - - -
Intangible Assets 14,961 10,371 7,275
Other Assets 320 170 109
Total Assets 25,974 19,013 13,587
Liabilities
Short Term Debt - - -
Accounts Payable 563 360 313
Income Tax Payable - - -
Other Current Liabilities 5,924 5,107 4,274
Total Current Liabilities 6,487 5,466 4,587
Long Term Debt 10,388 6,529 3,394
Provision For Risks Charges 48 43 20
Deferred Tax Liabilities - - -
Other Liabilities 3,812 3,393 2,907
Total Liabilities 20,735 15,431 10,907
Equity
Non Equity Reserves - - -
Preferred Stock Carrying Value - - -
Total Common Equity 5,239 3,582 2,680
Total Shareholders Equity 5,239 3,582 2,680
Accumulated Minority Interest - - -
Total Equity 5,239 3,582 2,680
Netflix Inc.
INCOME STATEMENT
Values in USD Millions
2,311
-
-
3,121
5,432
173
6
-
4,313
98
10,203
-
253
-
3,276
3,530
2,400
17
-
2,033
7,980
-
-
2,223
2,223
-
2,223
12/31/2015
6,780
4,591
2,188
1,882
-
306
-31
133
-
142
19
-
-
123
-
123
-
123
Analiza e Raporteve
Fitime neto shtese pas taksave operative 123 187 559 1,211
Dividentet e preferuar - - - -
Fitimi neto 123 187 559 1,211
Llogaritja e FCF
Viti 2019 2020 2021
Fitimi pas taksave 2178 3741 6327
+Amortizim 0 0 0
-Shtesen ne aktivet ASH 2,956 2,263 2,827
+Rritjen e detyrimeve ASH 2,636 2,587 3,296
-Rritja e AAGJ (me kosto historike) 1,109 1,869 2,144
+Pagesat e interesit mbi borxhin 16 22 57
-interesat e fituara nga investimet ASH 0 0 0
FCF 765 2217 4710
2019 2020 2021 2022 2023 Mesatarja e rritjes 2024-vazhdim
37.0% 38.5% 39.1% 41.3% 42.8% 37.1%
36.5% 34.4% 32.8% 31.0% 30.2% 37.2%
39.3% 36.8% 34.2% 31.6% 29.7% 40.4%
2.6% 2.5% 2.5% 2.6% 2.8% 2.6%
61.2% 59.6% 57.5% 55.2% 52.9% 61.2%
26.1% 25.4% 24.9% 23.7% 22.6% 25.8%
- - - - -
- - - - -
7,898 10,309 13,673 18,260 25,402
12,650 14,913 17,740 21,517 27,061
563 749 1,042 1,473 2,103
18 19 21 23 26 +10%
- - - - -
16457 18103 19913 21904 24095 +10%
352 387 426 469 515 +10%
30,039 34,172 39,142 45,386 53,800
- - - - -
619 681 749 824 907 +10%
- - - - -
- - - - -
5,763 6,339 6,973 7,670 8,437 +10%
5,763 6,339 6,973 7,670 8,437
- - - - -
5,763 6,339 6,973 7,670 8,437
30,039 34,172 39,142 45,386 53,800
2022 2023
10942 17536
0 0
3,777 5,544
4,431 6,451
2,466 2,870
50 54
0 0
9180 15626
Date Cmimi S&P 500 Cmimi Netflix Kthimi i S&P500 Kthimi Netflix
1/1/2014 1782.589966 58.475716
2/1/2014 1859.449951 63.66143 0.042213374879 0.08496732774
3/1/2014 1872.339966 50.290001 0.006908248615 -0.2357726146
4/1/2014 1883.949951 46.005714 0.006181643178 -0.0890406639
5/1/2014 1923.569946 59.689999 0.020812195954 0.26039887926
6/1/2014 1960.22998 62.942856 0.018878996625 0.05306278173
7/1/2014 1930.670044 60.388573 -0.01519468737 -0.0414273689
8/1/2014 2003.369995 68.234283 0.036963644321 0.12214722353
9/1/2014 1972.290039 64.454285 -0.01563543608 -0.056990909
10/1/2014 2018.050049 56.110001 0.022936398946 -0.1386421452
11/1/2014 2067.560059 49.512856 0.024237473675 -0.1250817146
12/1/2014 2058.899902 48.80143 -0.00419738458 -0.0144727373
1/1/2015 1994.98999 63.114285 -0.03153277922 0.2571875149
2/1/2015 2104.5 67.844284 0.053438876443 0.07226800746
3/1/2015 2067.889893 59.527142 -0.01754919723 -0.1307827615
4/1/2015 2085.51001 79.5 0.008484722453 0.28932464505
5/1/2015 2107.389893 89.151428 0.010436729763 0.11457934047
6/1/2015 2063.110107 93.848572 -0.02123555928 0.05134618502
7/1/2015 2103.840088 114.309998 0.019549683246 0.19723149139
8/1/2015 1972.180054 115.029999 -0.0646247309 0.00627891667
9/1/2015 1920.030029 103.260002 -0.02679873126 -0.1079428564
10/1/2015 2079.360107 108.379997 0.079719379495 0.04839344364
11/1/2015 2080.409912 123.330002 0.000504741857 0.12922016334
12/1/2015 2043.939941 114.379997 -0.01768565854 -0.0753374935
1/1/2016 1940.23999 91.839996 -0.05206761723 -0.2194783232
2/1/2016 1932.22998 93.410004 -0.00413690564 0.01695055969
3/1/2016 2059.73999 102.230003 0.063904990416 0.09022675741
4/1/2016 2065.300049 90.029999 0.002695761648 -0.1270822691
5/1/2016 2096.949951 102.57 0.015208366645 0.13040255531
6/1/2016 2098.860107 91.480003 0.000910506484 -0.1144250904
7/1/2016 2173.600098 91.25 0.03499043305 -0.0025174095
8/1/2016 2170.949951 97.449997 -0.00121998702 0.06573640271
9/1/2016 2168.27002 98.550003 -0.00123521341 0.01122466887
10/1/2016 2126.149902 124.870003 -0.01961683742 0.23670915611
11/1/2016 2198.810059 117 0.033603545391 -0.0650992854
12/1/2016 2238.830078 123.800003 0.018037111059 0.05649344969
1/1/2017 2278.870117 140.710007 0.017726314595 0.12803370006
2/1/2017 2363.639893 142.130005 0.036523000999 0.01004108238
3/1/2017 2362.719971 147.809998 -0.00038927294 0.03918548476
4/1/2017 2384.199951 152.199997 0.00905013228 0.02926777402
5/1/2017 2411.800049 163.070007 0.011509759254 0.06898417368
6/1/2017 2423.409912 149.410004 0.004802225924 -0.0874853678
7/1/2017 2470.300049 181.660004 0.019164017662 0.19544259846
8/1/2017 2471.649902 174.710007 0.000546283571 -0.0390093335
9/1/2017 2519.360107 181.350006 0.019119039324 0.03730140226
10/1/2017 2575.26001 196.429993 0.02194556029 0.0798771993
11/1/2017 2584.840088 187.580002 0.003713140763 -0.0461006664
12/1/2017 2673.610107 191.960007 0.03376601461 0.02308162171
1/1/2018 2823.810059 270.299988 0.05465739866 0.34224535543
2/1/2018 2713.830078 291.380005 -0.03972610779 0.0750958655
3/1/2018 2640.870117 295.350006 -0.02725249739 0.01353283968
4/1/2018 2648.050049 312.459991 0.002715085948 0.05631531811
5/1/2018 2705.27002 351.600006 0.021378191291 0.1180177507
6/1/2018 2718.370117 391.429993 0.004830749144 0.1073124992
7/1/2018 2816.290039 337.450012 0.035387950784 -0.1483892953
8/1/2018 2901.52002 367.679993 0.029814314708 0.08579558887
9/1/2018 2913.97998 374.130005 0.004285092964 0.01739036834
10/1/2018 2711.73999 301.779999 -0.07192934588 -0.2149050722
11/1/2018 2760.169922 286.130005 0.017701752188 -0.0532520013
12/1/2018 2506.850098 267.660004 -0.09626521977 -0.0667287372
CAPM
Rf 2.03%
Rm 6.93%
β 1.23
Ke 8.06%
WACC
We 25%
Wd 75%
Ke 8.06%
Kd 4.50%
t 10%
WACC 5.05%
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.309693561955
R Square 0.095910102316
Adjusted R Square 0.080048876041
Standard Error 0.119961406581
Observations 59
ANOVA
df SS MS F Significance F
Regression 1 0.0870183195526 0.08701831955 6.046828 0.016991
Residual 57 0.8202721269294 0.01439073907
Total 58 0.907290446482
Beta
Line Fit Plot
0.4
0.3
0.2
0.1 Y
Predicted Y
Y
0
-0.15 -0.1 -0.05 -0.1 0 0.05 0.1
-0.2
-0.3
Lower 95.0%
Upper 95.0%
X Variable 1
-0.013135 0.050476
0.228453 2.232417
Y
Predicted Y
0.1
Vlera e ndermarrjes Analiza e ndjeshmerise
g 2%
WACC 5.05% Vlera e ndermarrjes 3%
FCF1 765 0% 543045
FCF2 2217 1% 811288
FCF3 4710 3%
g
FCF4 9180 4%
FCF5 15626 5%
Vlera terminale 5 522248.978083569 10%
Vlera e ndermarrjes 434736.887017356
+Vlera e MM viti 2018 3,794
-Vlera e borxhit AGJ 2018 10,388
Vlera e kapitalit te vet 428,143 milione dollare
No i aksioneve 13508900
Vlera e tregut 3615.79 milione dollare
WACC
4% 6% 7% 10% 15%
411714 279434 241272 171703 116034
547138 334645 281081 190801 124591
1630528 555490 420411 245368 145984
831546 559741 286292 159597
1659714 838402 343587 175933
355630