Netflix Inc (NFLX) — Financial Flexibility Index
Netflix Inc (NFLX) has a Financial Flexibility Index of 0.08x as of December 2025. Free cash flow of $2.35 Billion (operating CF $2.11 Billion minus capex $239.34 Million) represents 0% of total liabilities ($28.98 Billion). Check how aggressively does Netflix Inc reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Netflix Inc Financial Flexibility Index (2001–2025)
Historical Financial Flexibility Index trend for Netflix Inc across 25 annual periods. For the full cash flow conversion analysis, see Netflix Inc cash flow conversion.
Annual Financial Flexibility Index for Netflix Inc (2001–2025)
Year-by-year free cash flow to debt coverage for Netflix Inc. Explore NFLX debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.37x | $10.84 Billion | $10.15 Billion | $28.98 Billion | ▲ +38.5% |
| 2024 | 0.27x | $7.80 Billion | $7.36 Billion | $28.89 Billion | ▼ -0.3% |
| 2023 | 0.27x | $7.62 Billion | $7.27 Billion | $28.14 Billion | ▲ +209.6% |
| 2022 | 0.09x | $2.43 Billion | $2.03 Billion | $27.82 Billion | ▲ +174.1% |
| 2021 | 0.03x | $917.20 Million | $392.61 Million | $28.74 Billion | ▼ -69.2% |
| 2020 | 0.10x | $2.92 Billion | $2.43 Billion | $28.22 Billion | ▲ +203.9% |
| 2019 | -0.10x | $-2.63 Billion | $-2.89 Billion | $26.39 Billion | ▲ +16.1% |
| 2018 | -0.12x | $-2.47 Billion | $-2.68 Billion | $20.74 Billion | ▼ -17.8% |
| 2017 | -0.10x | $-1.56 Billion | $-1.79 Billion | $15.43 Billion | ▲ +14.5% |
| 2016 | -0.12x | $-1.29 Billion | $-1.47 Billion | $10.91 Billion | ▼ -62.5% |
| 2015 | -0.07x | $-580.23 Million | $-749.44 Million | $7.98 Billion | ▼ -334.8% |
| 2014 | 0.03x | $161.00 Million | $16.48 Million | $5.20 Billion | ▼ -42.0% |
| 2013 | 0.05x | $217.90 Million | $97.83 Million | $4.08 Billion | ▲ +53.1% |
| 2012 | 0.03x | $112.50 Million | $22.77 Million | $3.22 Billion | ▼ -81.4% |
| 2011 | 0.19x | $452.55 Million | $317.71 Million | $2.42 Billion | ▼ -58.3% |
| 2010 | 0.45x | $310.74 Million | $276.40 Million | $691.90 Million | ▼ -61.7% |
| 2009 | 1.17x | $564.24 Million | $325.06 Million | $480.59 Million | ▼ -35.3% |
| 2008 | 1.82x | $491.74 Million | $284.04 Million | $270.79 Million | ▲ +36.8% |
| 2007 | 1.33x | $336.63 Million | $291.82 Million | $253.68 Million | ▼ -42.0% |
| 2006 | 2.29x | $445.31 Million | $247.86 Million | $194.57 Million | ▲ +63.7% |
| 2005 | 1.40x | $193.60 Million | $162.98 Million | $138.43 Million | ▼ -17.8% |
| 2004 | 1.70x | $162.53 Million | $147.57 Million | $95.51 Million | ▼ -30.2% |
| 2003 | 2.44x | $154.28 Million | $89.79 Million | $63.30 Million | ▲ +49.9% |
| 2002 | 1.63x | $66.94 Million | $40.11 Million | $41.17 Million | ▲ +1168.7% |
| 2001 | 0.13x | $16.93 Million | $4.85 Million | $132.13 Million | — |