PR $4-3($LO $4\mathrm{.}2)$ Using

Netflix assets and liabilities

from its balance sheet

$($Exhibit $4\mathrm{.}10),$ identify the

financial assets $($FA$)$ and

financial liabilities $($FL$),$ and

compute net financial

obligations $($NFO$)$ and

financial leverage $($FLEV$).$

Required:

Using Netflix assets and liabilities

from its balance sheet $($Exhibit $4\mathrm{.}10),$

identify the financial assets $($FA$)$ and

financial liabilities $($FL$),$ and compute

net financial obligations $($NFO$)$ and

financial leverage $($FLEV$).$

Exported from Calcbench: $3/14/202310$:$55$:$20$ AM $-$ Numbers in $1000000\text{'}$s Netflix Incorporated $($nflx$)$ CONSOLIDATED BALANCE SHEETS Fiscal Period Y$2022$ Y$2021$ Period Start $01/01/202201/01/2021$ Period End $12/31/202212/31/202110-$K $10-$K Assets Current assets: Cash and cash equivalents $$5,147$ $$6,028$ Short$-$term investments $$911$ $$0$ Other current assets $$3,208$ $$2,042$ Total current assets $$9,266$ $$8,070$ Content assets, net $$32,737$ $$30,920$ Property and equipment, net $$1,398$ $$1,323$ Other non$-$current assets $$5,193$ $$4,272$ Total assets $$48,595$ $$44,585$ Liabilities and Stockholders' Equity Current liabilities: Current content liabilities $$4,480$ $$4,293$ Accounts payable $$672$ $$837$ Accrued expenses and other liabilities $$1,515$ $$1,449$ Deferred revenue $$1,265$ $$1,209$ Short$-$term debt $$0$ $$700$ Total current liabilities $$7,931$ $$8,489$ Non$-$current content liabilities $$3,081$ $$3,094$ Long$-$term debt $$14,353$ $$14,693$ Other non$-$current liabilities $$2,452$ $$2,459$ Total liabilities $$27,817$ $$28,735$ Stockholders' equity: Preferred stock, $$0\mathrm{.}001$ par value; $10,000,000$ shares authorized $$0$ $$0$ Common stock, $$0\mathrm{.}001$ par value; $4,990,000,000$ shares authorized $$4,638$ $$4,025$ Treasury stock at cost $(1,564,478$ shares at December $31,2022($$$824)($$$824)$ Accumulated other comprehensive loss $($$$217)($$$40)$ Retained earnings $$17,181$ $$12,689$ Total stockholders' equity. $$20,777$ $$15,849$ Total liabilities and stockholders' equity $$48,595$ $$44,585[$