Project 1 excel 1 - Exibit 1 Netflix Financial Statements...

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  • BUSI 690
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  • magpie2015
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Exibit 1 2007 (with change) Analysis 2008(with change) Analysis 2009(with change) Analysis Netflix Financial Statements* (Dollars in Thousands) Income Statement Sales Subscription 1,205,340 1,446,408 1,364,661 1,157,126 -0.20 1,670,269 1,562,120 0.35 Cost of Revenues Subscription 664,407 797,288 761,133 637,830 909,461 414,589 Fulfillment 121,761 146,113 149,101 116,890 169,810 75,978 Total 786,168 943,401 910,234 754,720 1,079,271 490,567 Gross Profit 419,172 0.13 503,007 454,427 402,406 -0.20 590,998 1,073,553 1.00 Operating Expenses Tech and Development 71,395 128,126 89,873 96,094 -0.25 114,542 120,367 0.25 Marketing 218,280 268,280 199,713 254,866 237,744 318,582 0.25 G&A 52,532 55,000 49,662 41,250 51,333 24,750 -0.30 Restructuring 0 50000 0 25000 0 0 Stock-based Comp 0 0 0 0 0 Gain on Disposal of DVD’s 7,196 7,196 6,327 8,858 4,560 13,287 Total Operating Expenses 328,011 0.07 494,210 332,921 408,322 -0.17 399,059 450,412 0.10 Operating Income 91,161 120,500 121,506 150,845 191,939 225,857 Interest and other Income 20,340 15,500 12,452 10,354 6,728 8,543 Interest Expense 2458 6475 Pre-tax Income 111,501 136,000 131,500 161,199 192,192 234,400 Taxes 44,549 54332 48,474 59,418 76,332 91,416 Net Income 66,952 0.36 81,668 83,026 161,198 0.97 115,860 143,984 -0.10 Cash Flow Summary Cash flows for operations 291,823 156,731 284,037 135,304 325,063 100,304 Acquisition Costs of DVD Library 223,436 111,718 162,849 55,859 193,044 0 Purchase of property, plant and equipment 44,256 10,000 43,790 5,000 45,932 0 Proceeds from sales of DVDs 21,640 40,000 18,368 55,000 11,164 74,250 Free Cash Flow 45,771 -0.28 75,013 95,766 129,445 0.72 97,251 174,554 0.35 *All data pulled from Mergent Horizon 2007 (without change) Delta (change from 2006) 2008(without change) Delta

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