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10-K.Info (Beta Test)
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NETFLIX INC

Ticker: NFLX   Fiscal Year: 2011

Consolidated Statements Of Operations

Period Ending Dec 31, 2011 10-K (Filed: Feb 10, 2012)

(In Thousands)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2011Dec 31, 2010Dec 31, 2009
Revenues
$
3,204,577
2,162,6251,670,269
Cost of revenues:
Subscription1,789,5961,154,109909,461
Fulfillment expenses250,305203,246169,810
Total cost of revenues2,039,9011,357,3551,079,271
 
Gross profit1,164,676805,270590,998
 
Operating expenses:
Marketing402,638293,839237,744
Technology and development259,033163,329114,542
General and administrative117,93764,46146,773
Legal Settlement9,000
Total operating expenses788,608521,629399,059
 
Operating income376,068283,641191,939
 
Other income (expense):
Interest expense(20,025)(19,629)(6,475)
Interest and other income3,4793,6846,728
Income before income taxes359,522267,696192,192
 
Provision for income taxes133,396106,84376,332
Net income226,126160,853115,860
 
Net income per share:
Basic4.283.062.05
Diluted4.162.961.98
Weighted-average common shares outstanding:
Basic52,84752,52956,560
Diluted54,36954,30458,416
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NETFLIX INC

Ticker: NFLX   Fiscal Year: 2011

Consolidated Statements Of Cash Flows

Period Ending Dec 31, 2011 10-K (Filed: Feb 10, 2012)

(In Thousands, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2011Dec 31, 2010Dec 31, 2009
Cash flows from operating activities:
Net income
$
226,126
160,853115,860
Adjustments to reconcile net income to net cash provided by operating activities:
Additions to streaming content library(2,320,732)(406,210)(64,217)
Change in streaming content liabilities1,460,400167,836(4,014)
Amortization of streaming content library699,128158,10048,192
Amortization of DVD content library96,744142,496171,298
Depreciation and amortization of property, equipment and intangibles43,74738,09938,044
Stock-based compensation expense61,58227,99612,618
Excess tax benefits from stock-based compensation(45,784)(62,214)(12,683)
Other non-cash items(4,050)(9,128)(7,161)
Deferred taxes(18,597)(962)6,328
Gain on sale of business(1,783)
Changes in operating assets and liabilities:
Prepaid content6,211(35,476)(5,643)
Other current assets(4,775)(18,027)(5,358)
Other accounts payable24,31418,0981,537
Accrued expenses68,90267,20913,169
Deferred revenue21,61327,08616,970
Other non-current assets and liabilities2,8836451,906
Net cash provided by operating activities317,712276,401325,063
 
Cash flows from investing activities:
Acquisition of DVD content library(85,154)(123,901)(193,044)
Purchases of short-term investments(223,750)(107,362)(228,000)
Proceeds from sale of short-term investments50,993120,857166,706
Proceeds from maturities of short-term investments38,10515,81835,673
Purchases of property and equipment(49,682)(33,837)(45,932)
Proceeds from sale of business7,483
Other assets3,67412,34411,035
Net cash used in investing activities(265,814)(116,081)(246,079)
 
Cash flows from financing activities:
Principal payments of lease financing obligations(2,083)(1,776)(1,158)
Proceeds from issuance of common stock upon exercise of options19,61449,77635,274
Proceeds from public offering of common stock, net of issuance costs199,947  
Excess tax benefits from stock-based compensation45,78462,21412,683
Borrowings on line of credit, net of issuance costs18,978
Payments on line of credit(20,000)
Proceeds from issuance of debt, net of issuance costs198,060193,917
Repurchases of common stock(199,666)(210,259)(324,335)
Net cash provided by (used in) financing activities261,656(100,045)(84,641)
 
Net increase (decrease) in cash and cash equivalents313,55460,275(5,657)
 
Cash and cash equivalents, beginning of year194,499134,224
Cash and cash equivalents, end of year508,053194,499134,224
 
Supplemental disclosure:
Income taxes paid79,06956,21858,770
Interest paid19,39520,1013,878
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NETFLIX INC

Ticker: NFLX   Fiscal Year: 2011

Consolidated Balance Sheets

Period Ending Dec 31, 2011 10-K (Filed: Feb 10, 2012)

(In Thousands, except shares in actual)
 As ofAs of
 Dec 31, 2011Dec 31, 2010
Assets
Current assets:
Cash and cash equivalents
$
508,053
194,499
Short-term investments289,758155,888
Current content library, net919,709181,006
Prepaid content56,00762,217
Other current assets57,33043,621
Total current assets1,830,857637,231
 
Non-current content library, net1,046,934180,973
Property and equipment, net136,353128,570
Other non-current assets55,05235,293
Total assets3,069,196982,067
 
Liabilities and Stockholders' Equity
Current liabilities:
Content accounts payable924,706168,695
Other accounts payable87,86054,129
Accrued expenses63,69338,572
Deferred revenue148,796127,183
Total current liabilities1,225,055388,579
 
Long-term debt200,000200,000
Long-term debt due to related party200,000
Non-current content liabilities739,62848,179
Other non-current liabilities61,70355,145
Total liabilities2,426,386691,903
 
Commitments and contingencies (Note 5)  
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2011 and 2010; no shares issued and outstanding at December 31, 2011 and 2010  
Common stock, $0.001 par value; 160,000,000 shares authorized at December 31, 2011 and 2010; 55,398,615 and 52,781,949 issued and outstanding at December 31, 2011 and 2010, respectively5553
Additional paid-in capital219,11951,622
Accumulated other comprehensive income706750
Retained earnings422,930237,739
Total stockholders' equity642,810290,164
 
Total liabilities and stockholders' equity3,069,196982,067
 
External Links 
NETFLIX INC (NFLX) Fiscal Year 2011
Statements of 10-K in Excel https://www.sec.gov/.../Financial.xlxs
Complete 10-K in HTML https://www.sec.gov/.../10-K.html
Complete 10-K in XBRL https://www.sec.gov/.../10-K-xbrl.zip