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January 2023
January 2023
December 2022
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October 2022
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July 2022
June 2022
June 2022
(in millions except per share data and Streaming Content Obligations) | Q2'19 | Q3'19 | Q4'19 | Q1'20 | Q2'20 | Q3'20 Forecast | ||||||||||||||
Revenue | $ | 4,923 | $ | 5,245 | $ | 5,467 | $ | 5,768 | $ | 6,148 | $ | 6,327 | ||||||||
Y/Y % Growth | 26.0 | % | 31.1 | % | 30.6 | % | 27.6 | % | 24.9 | % | 20.6 | % | ||||||||
Operating Income | $ | 706 | $ | 980 | $ | 459 | $ | 958 | $ | 1,358 | $ | 1,245 | ||||||||
Operating Margin | 14.3 | % | 18.7 | % | 8.4 | % | 16.6 | % | 22.1 | % | 19.7 | % | ||||||||
Net Income | $ | 271 | $ | 665 | $ | 587 | $ | 709 | $ | 720 | $ | 954 | ||||||||
Diluted EPS | $ | 0.60 | $ | 1.47 | $ | 1.30 | $ | 1.57 | $ | 1.59 | $ | 2.09 | ||||||||
Global Streaming Paid Memberships | 151.56 | 158.33 | 167.09 | 182.86 | 192.95 | 195.45 | ||||||||||||||
Y/Y % Growth | 21.9 | % | 21.4 | % | 20.0 | % | 22.8 | % | 27.3 | % | 23.4 | % | ||||||||
Global Streaming Paid Net Additions | 2.70 | 6.77 | 8.76 | 15.77 | 10.09 | 2.50 | ||||||||||||||
Net cash provided by (used in) operating activities | $ | (544) | $ | (502) | $ | (1,462) | $ | 260 | $ | 1,041 | ||||||||||
Free Cash Flow* | $ | (594) | $ | (551) | $ | (1,670) | $ | 162 | $ | 899 | ||||||||||
Adjusted EBITDA** | $ | 836 | $ | 1,107 | $ | 586 | $ | 1,084 | $ | 1,489 | ||||||||||
Shares (FD) | 452.2 | 451.6 | 451.4 | 452.5 | 453.9 | |||||||||||||||
Streaming Content Obligations*** ($B) | 18.5 | 19.1 | 19.5 | 19.2 | 19.1 | |||||||||||||||
Note: Figures are consolidated, including DVD. | ||||||||||||||||||||
* Free cash flow represents Net Cash provided by (used in) operating and investing activities | ||||||||||||||||||||
** 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 |
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Netflix Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:
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Expenses associated with the acquisition, licensing and production of content increased $201 million, including expenses related to paused productions and hardship fund commitments due to the COVID-19 pandemic and expenses related to overall deals.
Expenses associated with the acquisition, licensing and production of content increased $552 million, including expenses related to paused productions and hardship fund commitments due to the COVID-19 pandemic and expenses related to overall deals.
Technology and development expenses consist of payroll and related expenses for all technology personnel, as well as other costs incurred in making improvements to our service offerings, including testing, maintaining and modifying our user interface, our recommendation, merchandising and streaming delivery technology and infrastructure.
Other operations costs include customer service and payment processing fees, including those we pay to our integrated payment partners, as well as other costs incurred in making our content available to members.
At June 30, 2020, our estimated gross unrecognized tax benefits were $81 million of which $47 million, if recognized, would favorably impact our future earnings.
Our core strategy is to...Read more
Three months ended June 30,...Read more
Six months ended June 30,...Read more
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Expenses associated with the acquisition,...Read more
Free cash flow was $864...Read more
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Average monthly revenue per paying...Read more
Free cash flow was $1,668...Read more
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Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Netflix Inc provided additional information to their SEC Filing as exhibits
Ticker: NFLX
CIK: 1065280
Form Type: 10-Q Quarterly Report
Accession Number: 0001065280-20-000309
Submitted to the SEC: Mon Jul 20 2020 4:03:12 PM EST
Accepted by the SEC: Mon Jul 20 2020
Period: Tuesday, June 30, 2020
Industry: Video Tape Rental