Netflix (LIM:NFLX) Construction In Progress : $448 Mil (As of Mar. 2024)

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What is Netflix Construction In Progress?

Netflix's quarterly construction in progress increased from Sep. 2023 ($377 Mil) to Dec. 2023 ($406 Mil) and increased from Dec. 2023 ($406 Mil) to Mar. 2024 ($448 Mil).

Netflix's annual construction in progress declined from Dec. 2021 ($282 Mil) to Dec. 2022 ($236 Mil) but then increased from Dec. 2022 ($236 Mil) to Dec. 2023 ($406 Mil).

Netflix Construction In Progress Historical Data

The historical data trend for Netflix's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Netflix Construction In Progress Chart

Netflix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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100.52

298.56

282.25

235.56

406.49

Netflix Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															284.18	348.19	377.30	406.49	447.68

Netflix Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Netflix (LIM:NFLX) Business Description

Industry

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Address

121 Albright Way, Los Gatos, CA, USA, 95032

Website

https://www.netflix.com

Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with almost 250 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.