Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1065280/000106528014000006/nflx10k2013.htm
Exhibit 99.1
January 22, 2014
Fellow Shareholders,
We ended 2013 with over 44 million members. We had higher domestic net additions than in 2012, growing international success, and an impressive first slate of original series. We expect to end Q1 with 48 million members.
Our summary results, and forecast for Q1, are below.
(in millions except per share data) | Q4 '12 | Q1 '13 | Q2 '13 | Q3 '13 | Q4 '13 | Q1 '14 Forecast | ||||||||||||
Domestic: | ||||||||||||||||||
Net Additions | 2.05 | 2.03 | 0.63 | 1.29 | 2.33 | 2.25 | ||||||||||||
Total Members | 27.15 | 29.17 | 29.81 | 31.09 | 33.42 | 35.67 | ||||||||||||
Paid Members | 25.47 | 27.91 | 28.62 | 29.93 | 31.71 | 34.26 | ||||||||||||
Revenue | $ | 589 | $ | 639 | $ | 671 | $ | 701 | $ | 741 | $ | 796 | ||||||
Contribution Profit | $ | 113 | $ | 131 | $ | 151 | $ | 166 | $ | 174 | $ | 198 | ||||||
Contribution Margin | 19.2 | % | 20.6 | % | 22.5 | % | 23.7 | % | 23.4 | % | 24.9 | % | ||||||
International: | ||||||||||||||||||
Net Additions | 1.81 | 1.02 | 0.61 | 1.44 | 1.74 | 1.60 | ||||||||||||
Total Members | 6.12 | 7.14 | 7.75 | 9.19 | 10.93 | 12.53 | ||||||||||||
Paid Members | 4.89 | 6.33 | 7.01 | 8.08 | 9.72 | 11.52 | ||||||||||||
Revenue | $ | 101 | $ | 142 | $ | 166 | $ | 183 | $ | 221 | $ | 267 | ||||||
Contribution Profit (Loss) | $ | (105 | ) | $ | (77 | ) | $ | (66 | ) | $ | (74 | ) | $ | (57 | ) | $ | (42 | ) |
Contribution Margin | -103.2 | % | -54.2 | % | -39.7 | % | -40.6 | % | -25.9 | % | -15.7 | % | ||||||
Total (including DVD): | ||||||||||||||||||
Revenue | $ | 945 | $ | 1,024 | $ | 1,069 | $ | 1,106 | $ | 1,175 | ||||||||
Operating Income | $ | 20 | $ | 32 | $ | 57 | $ | 57 | $ | 82 | ||||||||
Net Income | $ | 8 | $ | 3 | $ | 29 | $ | 32 | $ | 48 | $ | 48 | ||||||
EPS | $ | 0.13 | $ | 0.05 | $ | 0.49 | $ | 0.52 | $ | 0.79 | $ | 0.78 | ||||||
Free Cash Flow | $ | (51 | ) | $ | (42 | ) | $ | 13 | $ | 7 | $ | 5 | ||||||
Shares (FD) | 59.1 | 60.1 | 60.6 | 61.0 | 61.3 | |||||||||||||
1 | |
The following information was filed by Netflix Inc (NFLX) on Wednesday, January 22, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one year to another to evaluate Netflix Inc's financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Netflix Inc.
NFLX Annual Reports
- 10-K Annual Report January 2021
- 10-K Annual Report January 2020
- 10-K Annual Report January 2019
- 10-K Annual Report January 2018
- 10-K Annual Report January 2017
- 10-K Annual Report January 2016
- 10-K Annual Report January 2015
-
10-K Annual Report February 2014
- 10-K Annual Report February 2013
- 10-K Annual Report February 2012
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
SEC Filing Financial Summary
Excel Download
Loading SEC Filing Financial Summary...
Material Contracts, Statements, Certifications & more
Netflix Inc provided additional information to their SEC Filing as exhibits
SEC Filing Exhibit
PDF Download
Loading SEC Filing Exhibit...
Ticker: NFLX
CIK: 1065280
Form Type: 10-K Annual Report
Accession Number: 0001065280-14-000006
Submitted to the SEC: Fri Jan 31 2014 7:14:52 PM EST
Accepted by the SEC: Mon Feb 03 2014
Period: Tuesday, December 31, 2013
Industry: Video Tape Rental
External Resources:
Stock Quote
Social Media
Bookmark the Permalink: https://last10k.com/sec-filings/nflx/0001065280-14-000006.htm
