Netflix Inc (NFLX) — Cash Flow Reinvestment Rate
Netflix Inc (NFLX) has a Cash Flow Reinvestment Rate of 0.11x as of December 2025, reinvesting $239.34 Million (capex $239.34 Million ) from operating cash flow of $2.11 Billion. See NFLX free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Netflix Inc Cash Flow Reinvestment Rate (2001–2025)
Historical reinvestment intensity for Netflix Inc across 20 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Netflix Inc.
Annual Cash Flow Reinvestment Rate for Netflix Inc (2001–2025)
Year-by-year capital reinvestment analysis for Netflix Inc. See financial agility of Netflix Inc to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.24x | $2.44 Billion | $10.15 Billion | $688.22 Million | ▼ -32.6% |
| 2024 | 0.36x | $2.62 Billion | $7.36 Billion | $439.54 Million | ▲ +190.9% |
| 2023 | 0.12x | $890.30 Million | $7.27 Billion | $348.55 Million | ▼ -90.0% |
| 2022 | 1.23x | $2.48 Billion | $2.03 Billion | $407.73 Million | ▼ -74.2% |
| 2021 | 4.75x | $1.86 Billion | $392.61 Million | $524.59 Million | ▲ +1048.8% |
| 2020 | 0.41x | $1.00 Billion | $2.43 Billion | $497.92 Million | ▼ -99.0% |
| 2014 | 40.76x | $671.77 Million | $16.48 Million | $144.52 Million | ▲ +1422.3% |
| 2013 | 2.68x | $261.91 Million | $97.83 Million | $120.07 Million | ▼ -76.1% |
| 2012 | 11.19x | $254.74 Million | $22.77 Million | $89.73 Million | ▲ +1219.2% |
| 2011 | 0.85x | $269.49 Million | $317.71 Million | $134.84 Million | ▲ +268.3% |
| 2010 | 0.23x | $63.66 Million | $276.40 Million | $34.34 Million | ▼ -70.9% |
| 2009 | 0.79x | $257.31 Million | $325.06 Million | $239.18 Million | ▲ +8.3% |
| 2008 | 0.73x | $207.70 Million | $284.04 Million | $207.70 Million | ▲ +376.3% |
| 2007 | 0.15x | $44.81 Million | $291.82 Million | $44.81 Million | ▼ -80.7% |
| 2006 | 0.80x | $197.45 Million | $247.86 Million | $197.45 Million | ▲ +324.0% |
| 2005 | 0.19x | $30.62 Million | $162.98 Million | $30.62 Million | ▲ +85.3% |
| 2004 | 0.10x | $14.96 Million | $147.57 Million | $14.96 Million | ▼ -85.9% |
| 2003 | 0.72x | $64.49 Million | $89.79 Million | $64.49 Million | ▲ +7.4% |
| 2002 | 0.67x | $26.82 Million | $40.11 Million | $26.82 Million | ▼ -73.2% |
| 2001 | 2.49x | $12.08 Million | $4.85 Million | $12.08 Million | — |