Netflix, Inc. — Cash Flow Charts
12 quarters of history · ending 2026-03-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Net Debt Issuance
Cash Flow
Cash Flow by Activity
Operating Cash Flow↑+89.7% +$2.50B
$5.29B
Free Cash Flow↑+91.4% +$2.43B
$5.09B
Investing Cash Flow↓-261.0% -$1.27B
$-782M
Financing Cash Flow↑+69.4% +$2.80B
$-1.23B
Capex↑+52.9% +$68M
$196M
Acquisitions
$586M
Stock Buybacks↓-64.1% -$2.27B
$1.27B
Stock-Based Comp↑+95.1% +$68M
$140M
Debt Issued
$0
Debt Repaid↓-100.0% -$800M
$0
D&A↑+23.1% +$19M
$99M
SBC Allocated Expense↑+95.1% +$68M
$140M
SBC Granted (Grant-Date FV)NEW↑+24.3% +$27M
$137M
SBC Vested (Vest-Date FV)NEW↑+246.7% +$37M
$52M