NFLX · 10-Q · 2026Q2 · Full report
Liquidity and Capital Position
NETFLIX INC · 2026-07-17 · Importance 42 · Surprise 14 · In source text
Cash and cash equivalents were $9.099 billion at June 30, 2026, compared with $9.034 billion at December 31, 2025, while total assets increased 5.1% to $58.450 billion. Aggregate outstanding notes were $14.309 billion net of issuance costs and hedging adjustments, including $2.484 billion classified as short-term debt and $11.826 billion classified as long-term debt. Total debt declined from $14.463 billion at December 31, 2025, but short-term debt increased from $998.9 million because of upcoming maturities. Netflix had no borrowings under its revolving credit facility or commercial paper program and remained in compliance with all debt covenants and the revolving facility’s 3.0-to-1.0 minimum EBITDA-to-interest ratio.
Key facts
- On April 12, 2024, Netflix entered into a five-year, $3 billion unsecured revolving credit facility that matures on April 12, 2029. source
- Of the outstanding notes, $2,484 million, net of issuance costs, is classified as short-term debt as of June 30, 2026. source
- As of June 30, 2026, total long-term debt on the Consolidated Balance Sheets: $11,825,548 (in thousands). source
- Cash, cash equivalents and restricted cash at end of period as of June 30, 2026: $9,102,786 (in thousands). source
- Cash and cash equivalents on the Consolidated Balance Sheets as of June 30, 2026: $9,099,232 (in thousands). source
- Total current assets as of June 30, 2026: $13,853,303 (in thousands). source
- Short-term and long-term debt as of June 30, 2026: $14,309,306 thousand, a decrease of $153,530 thousand versus December 31, 2025. source
- Net cash used in financing activities for the six months ended June 30, 2026: $5,900,441 thousand, versus $6,531,184 thousand for the six months ended June 30, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -1.3% | Net cash provided by operating activities for the six months ended June 30, 2026 was driven in part by $729 million of non-routine… |
| cash | positive | realized | +1.1% | Net cash used in financing activities for the six months ended June 30, 2026: $5,900,441 thousand, versus $6,531,184 thousand for the six… |
| liability | positive | realized | +0.3% | Short-term and long-term debt as of June 30, 2026: $14,309,306 thousand, a decrease of $153,530 thousand versus December 31, 2025. |
| cash | positive | realized | — | Cash, cash equivalents and restricted cash at end of period as of June 30, 2026: $9,102,786 (in thousands). |
| assets | positive | realized | — | Total current assets as of June 30, 2026: $13,853,303 (in thousands). |