- Mon Oct 22, 2018 6:15 pm
#109371
Netflix is fueling its ballooning cash burn with $2 billion in new debt. ... The $2 billion adds to the growing debt burden on Netflix's balance sheet. The company reported almost $12 billion in total debt as of Sept. 30. At the same time, Netflix is burning cash at faster and faster rates.What the hell? You would think they're now operating like a tax paid agency. What the hell happened in the last year?