Ending cash of CFS doesn't exactly match the cash in BS in Annual report

Hi Guys,

Just a quick question, why is does the ending cash in CFS is not matching with cash in BS for Netflix in their annual report.

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Corporal Finance

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Cash should always balance as this is the most objective way of looking at a business, you cannot mess with cash. Cash measures what goes in and out of the business, so if there is something that is not matching either the accountant made a very serious fuck up or you are overlooking something.

When you look at CF statement you see that Netflix mentions cash and restricted cash, but in the balance sheet they note cash and cash equivalents. Go to Note 2 (p51 of 2019 AR) which is on cash and cash equivalents and there you see a breakdown what cash and cash equivalents consists of. There you also find the restricted cash that you see on the balance sheet.

Quick hint: if you are unsure about anything in the financial statements, check the notes because they should explain you the story.

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Ending cash of CFS doesn't exactly match the cash in BS in Annual report

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Ending cash of CFS doesn't exactly match the cash in BS in Annual report

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