Last10K.com

Netflix Inc (NFLX) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Netflix Inc

CIK: 1065280 Ticker: NFLX


Exhibit 99.1
January 18, 2017

Fellow shareholders,

In 2016, we generated $8.3 billion in global streaming revenue (35% y/y growth) and finished the year with 93.8 million members on 19.0 million net additions vs. 17.4 million in 2015. This quarter marks the 10-year anniversary of our launch of streaming1. The next decade will be even more amazing and tumultuous as internet TV supplants linear TV, and as we strive to remain a leader.
 (in millions except per share data and Streaming Content Obligations)
Q4 '15
Q1 '16
Q2 '16
Q3 '16
Q4'16
Q1'17 Forecast
Total Streaming:
 
 
 
 
 
 
Revenue
$
1,672

$
1,813

$
1,966

$
2,158

$
2,351

$
2,516

Contribution Profit
$
270

$
309

$
345

$
407

$
470

$
623

Contribution Margin
16.2
 %
17.0
 %
17.6
 %
18.8
 %
20.0
 %
24.8
%
Paid Memberships
70.84

77.71

79.90

83.28

89.09

95.34

Total Memberships
74.76

81.50

83.18

86.74

93.80

99.00

Net Additions
5.59

6.74

1.68

3.57

7.05

5.20

 
 
 
 
 
 
 
US Streaming:
 
 
 
 
 
 
Revenue
$
1,106

$
1,161

$
1,208

$
1,304

$
1,403

$
1,471

Contribution Profit
$
379

$
413

$
414

$
475

$
536

$
607

Contribution Margin
34.3
 %
35.5
 %
34.3
 %
36.4
 %
38.2
 %
41.3
%
Paid Memberships
43.40

45.71

46.00

46.48

47.91

49.86

Total Memberships
44.74

46.97

47.13

47.50

49.43

50.93

Net Additions
1.56

2.23

0.16

0.37

1.93

1.50

 
 
 
 
 
 
 
International Streaming:
 
 
 
 
 
 
Revenue
$
566

$
652

$
758

$
853

$
948

$
1,045

Contribution Profit (Loss)
$
(109
)
$
(104
)
$
(69
)
$
(69
)
$
(67
)
$
16

Contribution Margin
-19.2
 %
-16.0
 %
-9.1
 %
-8.0
 %
-7.0
 %
1.5
%
Paid Memberships
27.44

31.99

33.89

36.80

41.19

45.48

Total Memberships
30.02

34.53

36.05

39.25

44.37

48.07

Net Additions
4.04

4.51

1.52

3.20

5.12

3.70

 
 
 
 
 
 
 
Total (including DVD):
 
 
 
 
 
 
Operating Income
$
60

$
49

$
70

$
106

$
154

$
239

Operating Margin
3.3
 %
2.5
 %
3.3
 %
4.6
 %
6.2
 %
9.1
%
Net Income*
$
43

$
28

$
41

$
52

$
67

$
165

EPS*
$
0.10

$
0.06

$
0.09

$
0.12

$
0.15

$
0.37

 
 
 
 
 
 
 
Net cash (used in) operating activities
$
(245
)
$
(229
)
$
(226
)
$
(462
)
$
(557
)
 
Free Cash Flow
$
(276
)
$
(261
)
$
(254
)
$
(506
)
$
(639
)
 
EBITDA
$
111

$
107

$
129

$
164

$
212

 
Shares (FD)*
438.3

438.0

438.2

438.4

440.1

 
Streaming Content Obligations** ($B)
10.9

12.3

13.2

14.4

14.5

 
* Q4'15 Net Income/EPS includes a $13m / $0.03 benefit from a tax accrual release related to resolution of tax audits.
**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
___________________________________
1 http://www.nytimes.com/2007/01/16/technology/16netflix.html

nflxlogo2015a08.jpg
1

The following information was filed by Netflix Inc (NFLX) on Wednesday, January 18, 2017 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 SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

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.

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 2017 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
Product
Expense
Geography
Earnings
Debt
Income
Cash Flow
Other
Inside Netflix Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual 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 Comprehensive Income (parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (details)
Accumulated Other Comprehensive Loss (tables)
Balance Sheet Components
Balance Sheet Components (components Of Content Library) (details)
Balance Sheet Components (property And Equipment And Accumulated Depreciation) (details)
Balance Sheet Components (tables)
Commitments And Contingencies
Commitments And Contingencies (expected Timing Of Payments For Commitments) (details)
Commitments And Contingencies (future Minimum Payments Under Lease Financing Obligations And Non-cancelable Operating Leases) (details)
Commitments And Contingencies (lease Obligations) (narrative) (details)
Commitments And Contingencies (streaming Content) (narrative) (details)
Commitments And Contingencies (tables)
Employee Benefit Plan
Employee Benefit Plan (details)
Guarantees???indemnification Obligations
Income Taxes
Income Taxes (components Of Provision For Income Taxes) (details)
Income Taxes (deferred Tax Assets And Liabilities) (details)
Income Taxes (narrative) (details)
Income Taxes (reconciliation Of Provision For Income Taxes) (details)
Income Taxes (schedule Of Income Before Income Taxes) (details)
Income Taxes (summary Of Changes In Unrecognized Tax Benefits) (details)
Income Taxes (tables)
Long-term Debt
Long-term Debt (narrative) (details)
Long-term Debt (summary Of Long-term Debt) (details)
Long-term Debt (tables)
Organization And Summary Of Significant Accounting Policies
Organization And Summary Of Significant Accounting Policies (computation Of Net Income Per Share) (details)
Organization And Summary Of Significant Accounting Policies (narrative) (details)
Organization And Summary Of Significant Accounting Policies (policy)
Organization And Summary Of Significant Accounting Policies (summary Of Potential Common Shares Excluded From Diluted Calculation) (details)
Organization And Summary Of Significant Accounting Policies (tables)
Segment Information
Segment Information (information On Reportable Segments And Reconciliation To Consolidated Net Income) (details)
Segment Information (long-lived Assets By Geographic Areas) (details)
Segment Information (narrative) (details)
Segment Information (tables)
Selected Quarterly Financial Data (details)
Selected Quarterly Financial Data (tables)
Selected Quarterly Financial Data (unaudited)
Short-term Investments
Short-term Investments (available-for-sale Securities Reported At Fair Value) (details)
Short-term Investments (estimated Fair Value Of Short-term Investments By Contractual Maturity) (details)
Short-term Investments (tables)
Stockholders' Equity
Stockholders' Equity (preferred Stock And Voting Rights) (narrative) (details)
Stockholders' Equity (stock Option Plans) (narrative) (details)
Stockholders' Equity (stock Split) (narrative) (details)
Stockholders' Equity (summary Of Activity Related To Stock Option Plans) (details)
Stockholders' Equity (summary Of Assumptions Used To Value Stock Option Grants) (details)
Stockholders' Equity (tables)
Ticker: NFLX
CIK: 1065280
Form Type: 10-K Annual Report
Accession Number: 0001628280-17-000496
Submitted to the SEC: Fri Jan 27 2017 3:44:46 PM EST
Accepted by the SEC: Fri Jan 27 2017
Period: Saturday, December 31, 2016
Industry: Video Tape Rental

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/nflx/0001628280-17-000496.htm