Netflix’s Debt Is $14.8 Billion, Keeps Attracting Investors.
Netflix’s (NASDAQ:NFLX) debt has been rising steadily for at least the past five years.
The company finished 2019 with $14.8 billion in debt, which rose from $10.4 billion in 2018.
In 2017, Netflix’s debt was $6.5 billion compared to $3.4 billion in 2016.
Is Netflix really in debt?
As of Sept. 30, Netflix reported $12.43 billion in debt, up from $10.36 billion at the end of 2018. The latest proposed debt offering would be the eighth time in the last five years that Netflix is raising $1 billion or more through debt. The streaming giant last raised $2.2 billion in junk bonds in April 2019.
How much is Netflix in debt?
Netflix is $12 billion in debt, Disney has an even larger debt load. Netflix finished the September quarter with $12.4 billion in long-term debt. The debt increased from $10.4 billion at the beginning of the year.
How much does Netflix make a month?
During the fiscal years ended December 31, 2016, 2015 and 2014, Netflix averaged $15.6 million, $10.2 million and $22.2 million, respectively, in net earnings per month. Over that three-year period, that comes out to about $16.0 million per month, on average.
Does Netflix earn a profit?
While the balance sheets show a profit because of amortization of costs, if you look at “free-cash-flow” representing the true costs vs. revenue in a year, Netflix actually was $2 billion in the red in 2017 though they reported $11.7 billion in revenue and $560 million net income.