Option Grant and Exercise Terms

Table of Contents NETFLIX, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) 2021 Year Ended December 31, 2020 2019 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used in) operating activities: Additions to content assets Change in content liabilities Amortization of content assets Depreciation and amortization of property, equipment and intangibles Stock-based compensation expense Foreign currency remeasurement loss (gain) on debt Other non-cash items Deferred income taxes Changes in operating assets and liabilities: Other current assets Accounts payable $ 5,116,228 $ 2,761,395 $ 1,866,916 (17,702,202) 232,898 12,230,367 (11,779,284) (13,916,683) (757,433) (694,011) 10,806,912 9,216,247 208,412 115,710 103,579 403,220 415,180 405,376 (430,661) 533,278 (45,576) 376,777 293,126 228,230 199,548 70,066 (94,443) (369,681) (187,623) (252,113) 145,115 (41,605) 96,063 Accrued expenses and other liabilities 180,338 198,183 157,778 Deferred revenue 91,350 193,247 163,846 Other non-current assets and liabilities (289,099) (194,075) (122,531) Net cash provided by (used in) operating activities 392,610 2,427,077 (2,887,322) Cash flows from investing activities: Purchases of property and equipment (524,585) (497,923) (253,035) Change in other assets (26,919) (7,431) (134,029) Acquisitions (788,349) Net cash used in investing activities (1,339,853) (505,354) (387,064) Cash flows from financing activities: Proceeds from issuance of debt 1,009,464 4,469,306 Debt issuance costs (7,559) (36,134) Repayments of debt (500,000) Proceeds from issuance of common stock 174,414 235,406 72,490 Repurchases of common stock (600,022) Taxes paid related to net share settlement of equity awards (224,168) Net cash provided by (used in) financing activities Effect of exchange rate changes on cash, cash equivalents and restricted cash Net increase (decrease) in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash, beginning of year Cash, cash equivalents and restricted cash, end of year (1,149,776) 1,237,311 4,505,662 (86,740) 36,050 469 (2,183,759) 3,195,084 1,231,745 8,238,870 5,043,786 3,812,041 $ 6,055,111 $ 8,238,870 $ 5,043,786 Supplemental disclosure: Income taxes paid Interest paid $ 509,265 $ 763,432 291,582 $ 762,904 400,658 599,132 See accompanying notes to consolidated financial statements. 41

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