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Netflix Inc (NFLX) SEC Filing 10-Q Quarterly Report for the period ending Thursday, June 30, 2022

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NFLX Quarterly Reports

Netflix Inc

CIK: 1065280 Ticker: NFLX

Exhibit 99.1
July 19, 2022

Fellow shareholders,

Q2 was better-than-expected on membership growth, and foreign exchange was worse-than-expected (stronger US dollar), resulting in 9% revenue growth (13% constant currency). Our challenge and opportunity is to accelerate our revenue and membership growth by continuing to improve our product, content, and marketing as we’ve done for the last 25 years, and to better monetize our big audience. We’re in a position of strength given our $30 billion-plus in revenue, $6 billion in operating profit last year, growing free cash flow and a strong balance sheet. Our summary results and forecast are below.

(in millions except per share data)Q2'21Q3'21Q4'21Q1'22Q2'22Q3'22 Forecast
Revenue$7,342 $7,483 $7,709 $7,868 $7,970 $7,838 
Y/Y % Growth19.4 %16.3 %16.0 %9.8 %8.6 %4.7 %
Operating Income$1,848 $1,755 $632 $1,972 $1,578 $1,255 
Operating Margin25.2 %23.5 %8.2 %25.1 %19.8 %16.0 %
Net Income$1,353 $1,449 $607 $1,597 $1,441 $961 
Diluted EPS$2.97 $3.19 $1.33 $3.53 $3.20 $2.14 
Global Streaming Paid Memberships209.18 213.56 221.84 221.64 220.67 221.67 
Y/Y % Growth8.4 %9.4 %8.9 %6.7 %5.5 %3.8 %
Global Streaming Paid Net Additions1.54 4.38 8.28 (0.20)(0.97)1.00 
Net cash provided by (used in) operating activities$(64)$82 $(403)$923 $103 
Free Cash Flow*$(175)$(106)$(569)$802 $13 
Shares (FD)455.1 454.9 455.8 453.0 450.2 
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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The following information was filed by Netflix Inc (NFLX) on Tuesday, July 19, 2022 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.

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Inside Netflix Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
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 - 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 (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 For Content Obligations (Details)
Commitments And Contingencies - Indemnification (Details)
Commitments And Contingencies - Streaming Content (Details)
Debt
Debt (Tables)
Debt - Narrative (Details)
Debt - Revolving Line Of Credit (Details)
Debt - Summary Of Long-Term Debt (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Antidilutive Shares (Details)
Earnings Per Share - Computation Of Earnings Per Share (Details)
Income Taxes
Income Taxes (Details)
Income Taxes (Tables)
Income Taxes - Components Of Income Tax Expense (Benefit) (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Additional Information (Details)
Revenue Recognition - Revenue And Membership Information (Details)
Segment And Geographic Information
Segment And Geographic Information (Tables)
Segment And Geographic Information - Long-Lived Assets By Geographical Areas (Details)
Segment And Geographic Information - Narrative (Details)
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 - Stock Option Plan Narrative (Details)
Stockholders' Equity - Stock Repurchases (Details)
Stockholders' Equity - Stock-Based Compensation Narrative (Details)
Ticker: NFLX
CIK: 1065280
Form Type: 10-Q Quarterly Report
Accession Number: 0001065280-22-000257
Submitted to the SEC: Thu Jul 21 2022 4:02:17 PM EST
Accepted by the SEC: Thu Jul 21 2022
Period: Thursday, June 30, 2022
Industry: Video Tape Rental

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