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NFLX » Topics » Contractual Obligations

These excerpts taken from the NFLX 10-K filed Feb 25, 2009.

Contractual Obligations

For the purposes of this table, contractual obligations for purchases of goods or services are defined as agreements that are enforceable and legally binding and that specify all significant terms, including: fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction. The expected timing of payment of the obligations discussed above is estimated based on information available to us as of December 31, 2008. Timing of payments and actual amounts paid may be different depending on the time of receipt of goods or services or changes to agreed-upon amounts for some obligations. The following table summarizes our contractual obligations at December 31, 2008 (in thousands):

 

     Payments due by Period

Contractual obligations (in thousands):

    Total    Less than
1 year		    1-3 Years    3-5 Years    More than
5 years

Operating lease obligations

    $ 30,398    $ 11,137    $ 13,150    $ 4,672    $ 1,439

Lease financing obligations

      23,930      5,521      11,646      6,763      —  

Other purchase obligations (1)

      158,739      91,058      62,450      5,231      —  
                                  

Total

    $ 213,067    $ 107,716    $ 87,246    $ 16,666    $ 1,439
                                  

 

(1) Other purchase obligations relate primarily to acquisitions for our content library.

Contractual Obligations

For the purposes of this table, contractual obligations for purchases of goods or services are defined as agreements that are enforceable and legally binding and that specify all significant terms, including: fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction. The expected timing of payment of the obligations discussed above is estimated based on information available to us as of December 31, 2008. Timing of payments and actual amounts paid may be different depending on the time of receipt of goods or services or changes to agreed-upon amounts for some obligations. The following table summarizes our contractual obligations at December 31, 2008 (in thousands):

 

     Payments due by Period

Contractual obligations (in thousands):

    Total    Less than
1 year		    1-3 Years    3-5 Years    More than
5 years

Operating lease obligations

    $ 30,398    $ 11,137    $ 13,150    $ 4,672    $ 1,439

Lease financing obligations

      23,930      5,521      11,646      6,763      —  

Other purchase obligations (1)

      158,739      91,058      62,450      5,231      —  
                                  

Total

    $ 213,067    $ 107,716    $ 87,246    $ 16,666    $ 1,439
                                  

 

(1) Other purchase obligations relate primarily to acquisitions for our content library.

Contractual Obligations

FACE="Times New Roman" SIZE="2">For the purposes of this table, contractual obligations for purchases of goods or services are defined as agreements that are enforceable and legally binding and that specify all significant terms, including: fixed or
minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction. The expected timing of payment of the obligations discussed above is estimated based on information available to us as of
December 31, 2008. Timing of payments and actual amounts paid may be different depending on the time of receipt of goods or services or changes to agreed-upon amounts for some obligations. The following table summarizes our contractual
obligations at December 31, 2008 (in thousands):

 











































































































































   Payments due by Period

Contractual obligations (in thousands):

  Total  Less than
1 year		  1-3 Years  3-5 Years  More than
5 years

Operating lease obligations

  $30,398  $11,137  $13,150  $4,672  $1,439

Lease financing obligations

   23,930   5,521   11,646   6,763   —  

Other purchase obligations (1)

   158,739   91,058   62,450   5,231   —  
                    

Total

  $213,067  $107,716  $87,246  $16,666  $1,439
                    

 





(1)Other purchase obligations relate primarily to acquisitions for our content library.

FACE="Times New Roman" SIZE="2">License Agreements

In addition to the above contractual obligations, we have certain license
agreements with studios that include a maximum number of titles that we may or may not receive in the future. Access to these titles is based on the discretion of the studios and, as such, we may not receive these titles. If we did receive access to
the maximum number of titles, we would incur up to an additional $14.6 million in commitments.

Contractual Obligations

FACE="Times New Roman" SIZE="2">For the purposes of this table, contractual obligations for purchases of goods or services are defined as agreements that are enforceable and legally binding and that specify all significant terms, including: fixed or
minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction. The expected timing of payment of the obligations discussed above is estimated based on information available to us as of
December 31, 2008. Timing of payments and actual amounts paid may be different depending on the time of receipt of goods or services or changes to agreed-upon amounts for some obligations. The following table summarizes our contractual
obligations at December 31, 2008 (in thousands):

 











































































































































   Payments due by Period

Contractual obligations (in thousands):

  Total  Less than
1 year		  1-3 Years  3-5 Years  More than
5 years

Operating lease obligations

  $30,398  $11,137  $13,150  $4,672  $1,439

Lease financing obligations

   23,930   5,521   11,646   6,763   —  

Other purchase obligations (1)

   158,739   91,058   62,450   5,231   —  
                    

Total

  $213,067  $107,716  $87,246  $16,666  $1,439
                    

 





(1)Other purchase obligations relate primarily to acquisitions for our content library.

FACE="Times New Roman" SIZE="2">License Agreements

In addition to the above contractual obligations, we have certain license
agreements with studios that include a maximum number of titles that we may or may not receive in the future. Access to these titles is based on the discretion of the studios and, as such, we may not receive these titles. If we did receive access to
the maximum number of titles, we would incur up to an additional $14.6 million in commitments.

Contractual Obligations

FACE="Times New Roman" SIZE="2">For the purposes of this table, contractual obligations for purchases of goods or services are defined as agreements that are enforceable and legally binding and that specify all significant terms, including: fixed or
minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction. The expected timing of payment of the obligations discussed above is estimated based on information available to us as of
December 31, 2008. Timing of payments and actual amounts paid may be different depending on the time of receipt of goods or services or changes to agreed-upon amounts for some obligations. The following table summarizes our contractual
obligations at December 31, 2008 (in thousands):

 











































































































































   Payments due by Period

Contractual obligations (in thousands):

  Total  Less than
1 year		  1-3 Years  3-5 Years  More than
5 years

Operating lease obligations

  $30,398  $11,137  $13,150  $4,672  $1,439

Lease financing obligations

   23,930   5,521   11,646   6,763   —  

Other purchase obligations (1)

   158,739   91,058   62,450   5,231   —  
                    

Total

  $213,067  $107,716  $87,246  $16,666  $1,439
                    

 





(1)Other purchase obligations relate primarily to acquisitions for our content library.

FACE="Times New Roman" SIZE="2">License Agreements

In addition to the above contractual obligations, we have certain license
agreements with studios that include a maximum number of titles that we may or may not receive in the future. Access to these titles is based on the discretion of the studios and, as such, we may not receive these titles. If we did receive access to
the maximum number of titles, we would incur up to an additional $14.6 million in commitments.

This excerpt taken from the NFLX 10-Q filed Nov 3, 2008.

Contractual Obligations

Contractual obligations for purchases of goods or services are defined as agreements that are enforceable and legally binding and that specify all significant terms, including: fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction. The expected timing of payment of the obligations discussed above is estimated based on the information available to us as of September 30, 2008. Timing of payments and actual amounts paid may be different depending on the time of receipt of goods or services or changes to agreed-upon amounts for some obligations. The following table summarizes our contractual obligations at September 30, 2008:

 

     Payments due by Period

Contractual obligations (in thousands):

    Total    Less than
1 year		    1-3 Years    3-5 Years    More than
5 years

Operating lease obligations

    $ 25,754    $ 10,681    $ 11,777    $ 2,857    $ 439

Lease financing obligations (1)

      25,265      5,473      11,544      8,248      —  

Other purchase obligations (2)

      149,145      78,999      59,293      10,853      —  
                                  

Total

    $ 200,164    $ 95,153    $ 82,614    $ 21,958    $ 439
                                  

 

(1) See Note 2 to the condensed consolidated financial statements for further discussion.

 

(2) Other purchase obligations relate primarily to acquisitions for our content library.
These excerpts taken from the NFLX 10-K filed Feb 28, 2008.

Contractual Obligations

For the purposes of this table, contractual obligations for purchases of goods or services are defined as agreements that are enforceable and legally binding and that specify all significant terms, including: fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction. The expected timing of payment of the obligations discussed above is estimated based on information available to us as of December 31, 2007. Timing of payments and actual amounts paid may be different depending on the time of receipt of goods or services or changes to agreed-upon amounts for some obligations. The following table summarizes our contractual obligations at December 31, 2007 (in thousands):

 

     Payments due by Period

Contractual obligations (in thousands):

    Total    Less than
1 year		    1-3 Years    3-5 Years    More than
5 years

Operating lease obligations

    $ 54,229    $ 15,133    $ 24,232    $ 14,167    $ 697

Other purchase obligations (1)

      68,702      49,820      16,132      2,750      —  
                                  

Total

    $ 122,931    $ 64,953    $ 40,364    $ 16,917    $ 697
                                  

 

(1) Other purchase obligations relate primarily to acquisitions for our content library. Our purchase orders are based on our current needs and are generally fulfilled by our vendors within short time horizons.

Contractual
Obligations

For the purposes of this table, contractual obligations for purchases of goods or services are defined as agreements
that are enforceable and legally binding and that specify all significant terms, including: fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction. The expected timing
of payment of the obligations discussed above is estimated based on information available to us as of December 31, 2007. Timing of payments and actual amounts paid may be different depending on the time of receipt of goods or services or
changes to agreed-upon amounts for some obligations. The following table summarizes our contractual obligations at December 31, 2007 (in thousands):

 


























































































































   Payments due by Period

Contractual obligations (in thousands):

  Total  Less than
1 year		  1-3 Years  3-5 Years  More than
5 years

Operating lease obligations

  $54,229  $15,133  $24,232  $14,167  $697

Other purchase obligations (1)

   68,702   49,820   16,132   2,750   —  
                    

Total

  $122,931  $64,953  $40,364  $16,917  $697
                    

 





(1)Other purchase obligations relate primarily to acquisitions for our content library. Our purchase orders are based on our current needs and are generally fulfilled by our vendors
within short time horizons.
This excerpt taken from the NFLX 10-K filed Feb 28, 2007.

Contractual Obligations

The following table summarizes our contractual obligations at December 31, 2006 (in thousands):

 

     Payments due by period

Contractual Obligations (in thousands):

    Total   

Less than

1 year

    1-3 years    3-5 years   

More than

5 years

Operating lease obligations

    $ 51,206    $ 9,760    $ 20,241    $ 14,476    $ 6,729

Other purchase obligations (1)

      21,452      21,452      —        —        —  
                                  

Total

    $ 72,658    $ 31,212    $ 20,241    $ 14,476    $ 6,729
                                  
(1) Other purchase obligations relate primarily to acquisitions for our DVD library and online titles. Our purchase orders are based on our current needs and are generally fulfilled by our vendors within short time horizons.

For the purposes of this table, contractual obligations for purchase of goods or services are defined as agreements that are enforceable and legally binding and that specify all significant terms, including: fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction. The expected timing of payment of the obligations discussed above is estimated based on information available to us as of December 31, 2006. Timing of payments and actual amounts paid may be different depending on the time of receipt of goods or services or changes to agreed-upon amounts for some obligations.

This excerpt taken from the NFLX 10-K filed Mar 16, 2006.

Contractual Obligations

 

The following table summarizes our contractual obligations at December 31, 2005 (in thousands):

 

     Payments due by period

Contractual Obligations (in thousands):

    Total
    Less than
1 year
    1-3 years
    3-5 years
    More than
5 years

Operating lease obligations

    $ 32,682    $ 9,555    $ 11,578    $ 6,476    $ 5,073

Capital purchase obligations (1)

      254      254      —        —        —  

Other purchase obligations (2)

      15,552      15,552      —        —        —  
    
  
  
  
  

Total

    $ 48,488    $ 25,361    $ 11,578    $ 6,476    $ 5,073
    
  
  
  
  
(1) Capital purchase obligations include commitments for purchase of equipment. They were not recorded as liabilities on our balance sheet as of December 31, 2005, as we had not yet received the related goods.

 

(2) Other purchase obligations relate primarily to acquisitions for our DVD library. Our purchase orders are based on our current needs and are generally fulfilled by our vendors within short time horizons.

 

For the purposes of this table, contractual obligations for purchase of goods or services are defined as agreements that are enforceable and legally binding and that specify all significant terms, including: fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction. The expected timing of payment of the obligations discussed above is estimated based on information available to us as of December 31, 2005. Timing of payments and actual amounts paid may be different depending on the time of receipt of goods or services or changes to agreed-upon amounts for some obligations.

 

EXCERPTS ON THIS PAGE:

10-K (5 sections)
Feb 25, 2009
10-Q
Nov 3, 2008
10-K (2 sections)
Feb 28, 2008
10-K
Feb 28, 2007
10-K
Mar 16, 2006

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