10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2009 | |||
Statement Of Income | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 22, 2010) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Revenues | $ 1,670,269 | 1,364,661 | 1,205,340 |
| Cost of revenues: | |||
| Subscription | 909,461 | 761,133 | 664,407 |
| Fulfillment expenses | 169,810 [1] | 149,101 | 121,761 |
| Total cost of revenues | 1,079,271 | 910,234 | 786,168 |
| Gross Profit | 590,998 | 454,427 | 419,172 |
| Operating expenses: | |||
| Technology and development | 114,542 | 89,873 | 70,979 |
| Marketing | 237,744 | 199,713 | 218,212 |
| General and administrative | 51,333 | 49,662 | 52,404 |
| Gain on disposal of DVDs | (4,560) | (6,327) | (7,196) |
| Gain on legal settlement | 0 | 0 | (7,000) |
| Total operating expenses | 399,059 | 332,921 | 327,399 |
| Operating income | 191,939 | 121,506 | 91,773 |
| Other income (expense): | |||
| Interest expense | (6,475) | (2,458) | (1,188) |
| Interest and other income (expense) | 6,728 | 12,452 | 20,340 |
| Income before income taxes | 192,192 | 131,500 | 110,925 |
| Provision for income taxes | 76,332 | 48,474 | 44,317 |
| Net income | 115,860 | 83,026 | 66,608 |
| Net income per share: | |||
| Basic | 2.05 | 1.36 | 0.99 |
| Diluted | 1.98 | 1.32 | 0.97 |
| Weighted-average common shares outstanding: | |||
| Basic | 56,560 | 60,961 | 67,076 |
| Diluted | 58,416 | 62,836 | 68,902 |
| [1] Stock-based compensation included in expense line items: Fulfillment expenses $ 380 $ 466 $ 427 Technology and development 4,453 3,890 3,695 Marketing 1,786 1,886 2,160 General and administrative 5,999 6,022 5,694 | |||
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2009 | |
| 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 |