Last10K.com

Netflix Inc (NFLX) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Netflix Inc

HISTORY TOOLS
CIK: 1065280 Ticker: NFLX


Exhibit 99.1
July 17, 2019

Fellow shareholders,

As expected, revenue growth accelerated 400 basis points to 26%, and operating income increased 53% year over year in Q2. Paid membership grew by 2.7m, less than the 5.5m in Q2 a year ago and our 5.0m forecast. In Q3, we expect to grow by 7m paid memberships, more than the 6.1m in Q3 a year ago. Consumers around the world continue to move from linear television to internet entertainment at a remarkable rate.
 (in millions except per share data and Streaming Content Obligations)
Q2'18
Q3'18
Q4'18
Q1'19
Q2'19
Q3'19 Forecast
Revenue
$
3,907

$
3,999

$
4,187

$
4,521

$
4,923

$
5,250

Y/Y % Growth
40.3
%
34.0
%
27.4
%
22.2
%
26.0
%
31.3
%
Operating Income
$
462

$
481

$
216

$
459

$
706

$
833

Operating Margin
11.8
%
12.0
%
5.2
%
10.2
%
14.3
%
15.9
%
Net Income
$
384

$
403

$
134

$
344

$
271

$
470

Diluted EPS
$
0.85

$
0.89

$
0.30

$
0.76

$
0.60

$
1.04

 
 
 
 
 
 
 
Global Streaming Paid Memberships
124.35

130.42

139.26

148.86

151.56

158.56

Y/Y % Growth
25.6
%
25.4
%
25.9
%
25.2
%
21.9
%
21.6
%
Global Streaming Paid Net Additions
5.45

6.07

8.84

9.60

2.70

7.00

 
 
 
 
 
 
 
Net cash (used in) operating activities
$
(518
)
$
(690
)
$
(1,235
)
$
(380
)
$
(544
)
 
Free Cash Flow*
$
(559
)
$
(859
)
$
(1,315
)
$
(460
)
$
(594
)
 
Adjusted EBITDA**
$
563

$
584

$
328

$
584

$
836

 
Shares (FD)
451.6

451.9

451.1

451.9

452.2

 
Streaming Content Obligations*** ($B)
18.4

18.6

19.3

18.9

18.5

 
Note: Figures are consolidated, including DVD.
 
 
 
 
 
 
* Free cash flow represents Net Cash (used in) operating activities adjusted for acquisition of DVD content assets, purchases of property and equipment and change in other assets
** Adjusted EBITDA represents net income before interest expense and other income/expense, income taxes, depreciation and amortization of property and equipment and further adjusted to exclude other non-cash charges or non-recurring items
*** Corresponds to our total known streaming content obligations as defined in our financial statements and related notes in our most recently filed SEC Form 10-K

nflxlogo2015a20.jpg
1
The following information was filed by Netflix Inc (NFLX) on Wednesday, July 17, 2019 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Netflix Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Netflix Inc.

Continue

Assess how Netflix Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Netflix Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Revenue
Financial
M & A
Legal
Other
Filter Subcategory:
All
Geography
Product
Earnings
Expense
Income
Cash Flow
Debt
Other
Inside Netflix Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Balance Sheet Components
Balance Sheet Components (Tables)
Balance Sheet Components - Components Of Content Assets (Details)
Balance Sheet Components - Deferred Revenue (Details)
Balance Sheet Components - Leases (Details)
Balance Sheet Components - Other Current Assets (Details)
Balance Sheet Components - Property And Equipment (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies
Basis Of Presentation And Summary Of Significant Accounting Policies (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Cash, Cash Equivalents And Restricted Cash
Cash, Cash Equivalents And Restricted Cash (Details)
Cash, Cash Equivalents And Restricted Cash (Tables)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Expected Timing Of Payments (Details)
Commitments And Contingencies - Legal Proceedings (Details)
Commitments And Contingencies - Streaming Content (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Income Taxes
Income Taxes (Details)
Income Taxes (Tables)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - Maturities (Details)
Long-Term Debt - Narrative (Details)
Long-Term Debt - Revolving Line Of Credit (Details)
Long-Term Debt - Summary Of Long-Term Debt (Details)
Segment Information
Segment Information - Information On Reportable Segments And Reconciliation To Consolidated Net Income (Details)
Segment Information - Long-Lived Assets By Geographical Areas (Details)
Segment Information - Narrative (Details)
Segment Information (Tables)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Activity Related To Stock Option Plans (Details)
Stockholders' Equity - Amounts Related To Option Exercises (Details)
Stockholders' Equity - Assumptions Used To Value Stock Options (Details)
Stockholders' Equity - Narrative (Details)

Material Contracts, Statements, Certifications & more

Netflix Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Ticker: NFLX
CIK: 1065280
Form Type: 10-Q Quarterly Report
Accession Number: 0001065280-19-000260
Submitted to the SEC: Fri Jul 19 2019 12:18:58 PM EST
Accepted by the SEC: Fri Jul 19 2019
Period: Sunday, June 30, 2019
Industry: Video Tape Rental

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/nflx/0001065280-19-000260.htm