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January 2023
January 2023
December 2022
December 2022
October 2022
October 2022
September 2022
July 2022
June 2022
June 2022
(in millions except per share data) | Q4'19 | Q1'20 | Q2'20 | Q3'20 | Q4'20 | Q1'21 Forecast | ||||||||||||||
Revenue | $ | 5,467 | $ | 5,768 | $ | 6,148 | $ | 6,436 | $ | 6,644 | $ | 7,129 | ||||||||
Y/Y % Growth | 30.6 | % | 27.6 | % | 24.9 | % | 22.7 | % | 21.5 | % | 23.6 | % | ||||||||
Operating Income | $ | 459 | $ | 958 | $ | 1,358 | $ | 1,315 | $ | 954 | $ | 1,780 | ||||||||
Operating Margin | 8.4 | % | 16.6 | % | 22.1 | % | 20.4 | % | 14.4 | % | 25.0 | % | ||||||||
Net Income | $ | 587 | $ | 709 | $ | 720 | $ | 790 | $ | 542 | $ | 1,355 | ||||||||
Diluted EPS | $ | 1.30 | $ | 1.57 | $ | 1.59 | $ | 1.74 | $ | 1.19 | $ | 2.97 | ||||||||
Global Streaming Paid Memberships | 167.09 | 182.86 | 192.95 | 195.15 | 203.66 | 209.66 | ||||||||||||||
Y/Y % Growth | 20.0 | % | 22.8 | % | 27.3 | % | 23.3 | % | 21.9 | % | 14.7 | % | ||||||||
Global Streaming Paid Net Additions | 8.76 | 15.77 | 10.09 | 2.20 | 8.51 | 6.00 | ||||||||||||||
Net cash provided by (used in) operating activities | $ | (1,462) | $ | 260 | $ | 1,041 | $ | 1,264 | $ | (138) | ||||||||||
Free Cash Flow* | $ | (1,670) | $ | 162 | $ | 899 | $ | 1,145 | $ | (284) | ||||||||||
Shares (FD) | 451.4 | 452.5 | 453.9 | 455.1 | 455.3 | |||||||||||||||
Note: Figures are consolidated, including DVD. | ||||||||||||||||||||
* Free cash flow represents Net Cash provided by (used in) operating activities less purchases of property and equipment and change in other assets. |
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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.
Netflix Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:
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The increase in average monthly revenue per paying membership resulted from our price changes and plan mix, partially offset by unfavorable fluctuations in foreign exchange rates.
Technology and Development 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 recommendations, 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.
The foreign exchange loss in the year ended December 31, 2020 was primarily driven by the non-cash $533 million loss from the remeasurement of our Senior Notes denominated in euros, coupled with the remeasurement of cash and content liability positions in currencies other than the functional currencies.
At December 31, 2020, our estimated gross unrecognized tax benefits were $140 million of which $86 million, if recognized, would favorably impact our future earnings.
As our cash provided by...Read more
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Free cash flow was $840...Read more
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Financial Statements, Disclosures and Schedules
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Netflix Inc provided additional information to their SEC Filing as exhibits
Ticker: NFLX
CIK: 1065280
Form Type: 10-K Annual Report
Accession Number: 0001065280-21-000040
Submitted to the SEC: Thu Jan 28 2021 4:21:59 PM EST
Accepted by the SEC: Thu Jan 28 2021
Period: Thursday, December 31, 2020
Industry: Video Tape Rental