2014 Q2 Form 10-Q Financial Statement

#000106528014000021 Filed on July 22, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2 2013 Q1
Revenue $1.340B $1.069B $1.024B
YoY Change 25.35% 20.27% 17.72%
Cost Of Revenue $914.8M $760.7M $737.0M
YoY Change 20.27% 18.22% 18.11%
Gross Profit $425.6M $308.7M $287.0M
YoY Change 37.86% 25.62% 16.74%
Gross Profit Margin 31.75% 28.87% 28.03%
Selling, General & Admin $180.8M $158.5M $163.2M
YoY Change 14.09% 7.04% -1.08%
% of Gross Profit 42.48% 51.33% 56.87%
Research & Development $115.2M $93.13M $91.98M
YoY Change 23.68% 14.2% 11.08%
% of Gross Profit 27.07% 30.17% 32.05%
Depreciation & Amortization $12.98M $12.03M $12.05M
YoY Change 7.91% 8.86% -96.75%
% of Gross Profit 3.05% 3.9% 4.2%
Operating Expenses $296.0M $251.6M $255.2M
YoY Change 17.64% 9.58% 2.98%
Operating Profit $129.6M $57.12M $31.82M
YoY Change 126.9% 253.58% -1744.55%
Interest Expense $13.33M $7.528M $6.740M
YoY Change 77.05% 50.38% 35.5%
% of Operating Profit 10.28% 13.18% 21.18%
Other Income/Expense, Net $1.100M -$2.940M $977.0K
YoY Change -137.41% 496.35% -119.19%
Pretax Income $117.4M $46.65M $930.0K
YoY Change 151.61% 337.81% -113.24%
Income Tax $46.35M $17.18M -$1.759M
% Of Pretax Income 39.49% 36.82% -189.14%
Net Earnings $71.02M $29.47M $2.689M
YoY Change 140.98% 378.11% -158.66%
Net Earnings / Revenue 5.3% 2.76% 0.26%
Basic Earnings Per Share $0.17 $0.51 $0.05
Diluted Earnings Per Share $0.16 $0.49 $0.05
COMMON SHARES
Basic Shares Outstanding 420.0M shares 58.19M shares 55.97M shares
Diluted Shares Outstanding 431.4M shares 60.59M shares 60.15M shares

Balance Sheet

Concept 2014 Q2 2013 Q2 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.714B $1.080B $1.026B
YoY Change 58.7% 32.84% 27.45%
Cash & Equivalents $1.214B $370.7M $418.1M
Short-Term Investments $500.0M $709.0M $608.0M
Other Short-Term Assets $167.7M $94.54M $82.47M
YoY Change 77.36% 80.78% 80.22%
Inventory
Prepaid Expenses
Receivables $1.786B $1.364B $1.392B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.668B $2.570B $2.557B
YoY Change 42.72% 20.23% 24.21%
LONG-TERM ASSETS
Property, Plant & Equipment $141.7M $127.9M $129.3M
YoY Change 10.77% 2.64% 0.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $166.9M $100.3M $100.2M
YoY Change 66.44% 47.37% 49.0%
Total Long-Term Assets $2.657B $1.910B $1.806B
YoY Change 39.1% 42.52% 27.04%
TOTAL ASSETS
Total Short-Term Assets $3.668B $2.570B $2.557B
Total Long-Term Assets $2.657B $1.910B $1.806B
Total Assets $6.326B $4.481B $4.363B
YoY Change 41.18% 28.82% 25.37%
SHORT-TERM LIABILITIES
YoY Change 40.63%
Accounts Payable $137.2M $103.4M $102.8M
YoY Change 32.66% 13.72% 23.7%
Accrued Expenses $98.55M $59.04M $52.00M
YoY Change 66.93% 16.02% 5.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.335B $1.670B $1.689B
YoY Change 39.81% 11.44% 16.73%
LONG-TERM LIABILITIES
Long-Term Debt $900.0M $500.0M $700.0M
YoY Change 80.0% 25.0% 75.0%
Other Long-Term Liabilities $90.22M $80.62M $78.23M
YoY Change 11.92% 29.91% 25.76%
Total Long-Term Liabilities $2.381B $1.705B $78.23M
YoY Change 39.66% 2647.26% 25.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.335B $1.670B $1.689B
Total Long-Term Liabilities $2.381B $1.705B $78.23M
Total Liabilities $4.716B $3.375B $3.550B
YoY Change 39.73% 20.97% 26.03%
SHAREHOLDERS EQUITY
Retained Earnings $676.6M $472.2M $442.8M
YoY Change 43.28% 11.24% 5.84%
Common Stock $926.6M $635.0M $369.9M
YoY Change 45.91% 141.69% 51.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.610B $1.106B $812.9M
YoY Change
Total Liabilities & Shareholders Equity $6.326B $4.481B $4.363B
YoY Change 41.18% 28.82% 25.37%

Cashflow Statement

Concept 2014 Q2 2013 Q2 2013 Q1
OPERATING ACTIVITIES
Net Income $71.02M $29.47M $2.689M
YoY Change 140.98% 378.11% -158.66%
Depreciation, Depletion And Amortization $12.98M $12.03M $12.05M
YoY Change 7.91% 8.86% -96.75%
Cash From Operating Activities $56.02M $33.94M -$12.25M
YoY Change 65.05% 74.9% -164.11%
INVESTING ACTIVITIES
Capital Expenditures $19.87M $8.088M $12.12M
YoY Change 145.66% 140.79% 154.26%
Acquisitions
YoY Change
Other Investing Activities -$1.129M -$1.087M -$4.050M
YoY Change 3.86% -65.29% 203.6%
Cash From Investing Activities -$28.95M -$127.7M -$179.2M
YoY Change -77.32% 1098.47% 31.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities $28.47M $48.96M $321.6M
YoY Change -41.84% -41945.3% 7875.74%
NET CHANGE
Cash From Operating Activities $56.02M $33.94M -$12.25M
Cash From Investing Activities -$28.95M -$127.7M -$179.2M
Cash From Financing Activities $28.47M $48.96M $321.6M
Net Change In Cash $55.54M -$44.78M $130.1M
YoY Change -224.03% -618.56% -215.46%
FREE CASH FLOW
Cash From Operating Activities $56.02M $33.94M -$12.25M
Capital Expenditures $19.87M $8.088M $12.12M
Free Cash Flow $36.16M $25.86M -$24.37M
YoY Change 39.84% 61.11% -269.89%

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4716117000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
4079002000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6325822000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5412563000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2154203000 USD
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2335124000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
500000000 USD
CY2014Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
900000000 USD
us-gaap Marketing Expense
MarketingExpense
233697000 USD
CY2013Q2 us-gaap Marketing Expense
MarketingExpense
114611000 USD
CY2014Q2 us-gaap Marketing Expense
MarketingExpense
120763000 USD
us-gaap Marketing Expense
MarketingExpense
257861000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
486659000 USD
CY2013Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
48959000 USD
CY2014Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
28473000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
370541000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
28686000 USD
CY2013Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-127685000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-306921000 USD
CY2014Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-28953000 USD
CY2013Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
33943000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21693000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
92383000 USD
CY2014Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
56024000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
71018000 USD
us-gaap Net Income Loss
NetIncomeLoss
32160000 USD
CY2013Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
29471000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
124133000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
32209000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
71018000 USD
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2940000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1963000 USD
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1100000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2501000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
us-gaap Operating Income Loss
OperatingIncomeLoss
227195000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
88939000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
129600000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
57117000 USD
CY2014Q2 us-gaap Other Assets Current
OtherAssetsCurrent
167674000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
151937000 USD
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
166931000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
129124000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
342000 USD
CY2014Q2 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
51000 USD
CY2013Q2 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-1239000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-1451000 USD
CY2013Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
30000 USD
CY2014Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1918000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2379000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2259000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
81000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-2324000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-1985000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
548000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
2069000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
3177000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1999000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2927000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4583000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1955000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2927000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1999000 USD
CY2014Q2 us-gaap Other Cost And Expense Operating
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175196000 USD
CY2013Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
136970000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
273071000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
341406000 USD
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
90223000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
79209000 USD
CY2014Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3251000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2938000 USD
CY2013Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1188000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-5447000 USD
CY2013Q2 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
0 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
9414000 USD
CY2014Q2 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
353000 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
7080000 USD
CY2013Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1087000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1424000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-5137000 USD
CY2014Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1129000 USD
CY2014Q2 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
170908000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
231454000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
381673000 USD
CY2013Q2 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
146050000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20206000 USD
CY2013Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8088000 USD
CY2014Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19869000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
33203000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
400000000 USD
CY2014Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2013Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
500000000 USD
CY2013Q2 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
5410000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
95104000 USD
CY2014Q2 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
92014000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
9830000 USD
CY2014Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
89662000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
232710000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
115207000 USD
CY2013Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
33979000 USD
CY2014Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
14469000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
67992000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
46917000 USD
CY2013Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
28846000 USD
CY2014Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
386805000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
357196000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
141715000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
133605000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
552485000 USD
us-gaap Revenues
Revenues
2093333000 USD
CY2014Q2 us-gaap Revenues
Revenues
1340407000 USD
us-gaap Revenues
Revenues
2610496000 USD
CY2013Q4 us-gaap Purchase Obligation
PurchaseObligation
7252161000 USD
CY2014Q2 us-gaap Purchase Obligation
PurchaseObligation
7728050000 USD
CY2013Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
83284000 USD
CY2014Q2 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
37895000 USD
CY2014Q2 us-gaap Purchase Obligation Due In Fourth And Fifth Year
PurchaseObligationDueInFourthAndFifthYear
653408000 USD
CY2013Q4 us-gaap Purchase Obligation Due In Fourth And Fifth Year
PurchaseObligationDueInFourthAndFifthYear
929645000 USD
CY2013Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
2972325000 USD
CY2014Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
3304367000 USD
CY2013Q4 us-gaap Purchase Obligation Due In Second And Third Year
PurchaseObligationDueInSecondAndThirdYear
3266907000 USD
CY2014Q2 us-gaap Purchase Obligation Due In Second And Third Year
PurchaseObligationDueInSecondAndThirdYear
3732380000 USD
CY2014Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
70000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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250000 USD
us-gaap Reclassifications
Reclassifications
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications </font></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified to conform to the current year presentation in the consolidated financial statements. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs of revenues in the amount of </font><font style="font-family:inherit;font-size:10pt;">$7.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$17.2 million</font><font style="font-family:inherit;font-size:10pt;"> for the three and six months ended June 30, 2013, respectively, related to free-trial periods that were previously allocated to &#8220;Marketing&#8221; on the Consolidated Statements of Operations have been reallocated to &#8220;Cost of revenues&#8221;. There was no impact to contribution profit or net income in any period presented and there was no impact to the Consolidated Balance Sheets or Consolidated Statements of Cash Flows.</font></div></div>
us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
219362000 USD
CY2014Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
CY2013Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
658000 USD
CY2013Q2 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
255000 USD
CY2014Q2 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
271000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
538000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
225492000 USD
CY2013Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
93126000 USD
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
115182000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
185101000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
676618000 USD
CY2013Q2 us-gaap Revenues
Revenues
1069372000 USD
CY2013Q2 us-gaap Share Based Compensation
ShareBasedCompensation
17955000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
55110000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
35701000 USD
CY2014Q2 us-gaap Share Based Compensation
ShareBasedCompensation
29285000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.45
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.53
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.48
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.54
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.53
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.45
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0266
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0188
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3141171 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3406317 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
118300000 USD
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
68300000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
46200000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
147700000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
265146 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
196.93
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
207.85
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
110.67
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
87.87
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1066052000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3308030 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3526898 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
118.40
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
95.25
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
1066052000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
3308030 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
118.40
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
96.93
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
387.16
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y11M9D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y11M9D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
484014 shares
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
1609705000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1333561000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
78600000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
68200000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
4400000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
65400000 USD
CY2014Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
4500000000 USD
CY2013Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
4200000000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) requires management to make estimates and judgments that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant items subject to such estimates and assumptions include the amortization policy for the streaming content library; the recognition and measurement of income tax assets and liabilities; and the valuation of stock-based compensation. The Company bases its estimates on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances. On a regular basis, the Company evaluates the assumptions, judgments and estimates. Actual results may differ from these estimates.</font></div></div>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61592000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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dei Entity Filer Category
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dei Entity Registrant Name
EntityRegistrantName
NETFLIX INC

Files In Submission

Name View Source Status
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