2015 Q1 Form 10-Q Financial Statement

#000106528015000017 Filed on April 17, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q4 2014 Q1
Revenue $1.573B $1.485B $1.270B
YoY Change 23.86% 26.34% 24.04%
Cost Of Revenue $1.046B $1.014B $869.2M
YoY Change 20.39% 23.59% 17.94%
Gross Profit $526.7M $470.4M $400.9M
YoY Change 31.39% 32.67% 39.68%
Gross Profit Margin 33.48% 31.68% 31.56%
Selling, General & Admin $286.2M $279.5M $193.0M
YoY Change 48.27% 60.54% 18.25%
% of Gross Profit 54.33% 59.42% 48.14%
Research & Development $143.1M $125.9M $110.3M
YoY Change 29.73% 28.34% 19.93%
% of Gross Profit 27.17% 26.76% 27.52%
Depreciation & Amortization $764.7M $764.9M $12.38M
YoY Change 6075.78% 26.79% 2.75%
% of Gross Profit 145.18% 162.61% 3.09%
Operating Expenses $429.3M $405.4M $303.3M
YoY Change 41.53% 48.93% 18.86%
Operating Profit $97.46M $65.00M $97.60M
YoY Change -0.14% -21.08% 206.69%
Interest Expense $26.74M -$19.50M $10.05M
YoY Change 165.99% 134.94% 49.14%
% of Operating Profit 27.43% -30.0% 10.3%
Other Income/Expense, Net -$32.29M $1.401M
YoY Change -2405.0% 43.4%
Pretax Income $38.43M $45.50M $88.94M
YoY Change -56.8% -38.51% 9463.87%
Income Tax $14.73M -$37.90M $35.83M
% Of Pretax Income 38.33% -83.3% 40.28%
Net Earnings $23.70M $83.37M $53.12M
YoY Change -55.39% 72.18% 1875.27%
Net Earnings / Revenue 1.51% 5.62% 4.18%
Basic Earnings Per Share $0.06 $0.20 $0.13
Diluted Earnings Per Share $0.05 $0.19 $0.12
COMMON SHARES
Basic Shares Outstanding 423.6M shares 59.82M shares
Diluted Shares Outstanding 433.8M shares 61.55M shares

Balance Sheet

Concept 2015 Q1 2014 Q4 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.958B $1.608B $1.668B
YoY Change 77.34% 34.0% 62.57%
Cash & Equivalents $2.455B $1.114B $1.157B
Short-Term Investments $503.0M $495.0M $511.0M
Other Short-Term Assets $210.9M $152.4M $147.1M
YoY Change 43.34% 0.32% 78.41%
Inventory
Prepaid Expenses
Receivables $2.370B $2.166B $1.771B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.539B $3.927B $3.587B
YoY Change 54.43% 28.39% 40.27%
LONG-TERM ASSETS
Property, Plant & Equipment $145.8M $149.9M $133.5M
YoY Change 9.25% 12.18% 3.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $243.4M $192.2M $148.4M
YoY Change 64.04% 48.88% 48.08%
Total Long-Term Assets $3.702B $3.115B $2.461B
YoY Change 50.39% 32.36% 36.27%
TOTAL ASSETS
Total Short-Term Assets $5.539B $3.927B $3.587B
Total Long-Term Assets $3.702B $3.115B $2.461B
Total Assets $9.241B $7.043B $6.048B
YoY Change 52.79% 30.11% 38.61%
SHORT-TERM LIABILITIES
YoY Change 31.48% 19.22%
Accounts Payable $190.6M $201.6M $133.9M
YoY Change 42.34% 85.9% 30.21%
Accrued Expenses $107.3M $69.75M $54.86M
YoY Change 95.64% 29.12% 5.49%
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 $3.009B $2.663B $2.264B
YoY Change 32.92% 23.63% 34.05%
LONG-TERM LIABILITIES
Long-Term Debt $2.400B $885.8M $900.0M
YoY Change 166.67% 77.17% 28.57%
Other Long-Term Liabilities $60.77M $59.96M $84.22M
YoY Change -27.84% -24.31% 7.65%
Total Long-Term Liabilities $4.323B $2.522B $2.306B
YoY Change 87.44% 31.01% 2847.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.009B $2.663B $2.264B
Total Long-Term Liabilities $4.323B $2.522B $2.306B
Total Liabilities $7.331B $5.185B $4.570B
YoY Change 60.43% 27.11% 28.71%
SHAREHOLDERS EQUITY
Retained Earnings $843.0M $819.3M $605.6M
YoY Change 39.2% 48.29% 36.77%
Common Stock $1.109B $2.086B $868.3M
YoY Change 27.77% 168.25% 134.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.909B $1.858B $1.478B
YoY Change
Total Liabilities & Shareholders Equity $9.241B $7.043B $6.048B
YoY Change 52.79% 30.11% 38.61%

Cashflow Statement

Concept 2015 Q1 2014 Q4 2014 Q1
OPERATING ACTIVITIES
Net Income $23.70M $83.37M $53.12M
YoY Change -55.39% 72.18% 1875.27%
Depreciation, Depletion And Amortization $764.7M $764.9M $12.38M
YoY Change 6075.78% 26.79% 2.75%
Cash From Operating Activities -$127.4M -$38.40M $36.36M
YoY Change -450.35% -192.75% -396.81%
INVESTING ACTIVITIES
Capital Expenditures $13.04M -$38.80M $13.33M
YoY Change -2.23% 1.04% 10.03%
Acquisitions
YoY Change
Other Investing Activities -$225.0K -$12.20M -$295.0K
YoY Change -23.73% -111.84% -92.72%
Cash From Investing Activities -$42.82M -$51.20M $57.64M
YoY Change -174.29% -179.26% -132.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.522B 24.40M $458.2M
YoY Change 232.27% -59.33% 42.48%
NET CHANGE
Cash From Operating Activities -$127.4M -38.40M $36.36M
Cash From Investing Activities -$42.82M -51.20M $57.64M
Cash From Financing Activities $1.522B 24.40M $458.2M
Net Change In Cash $1.352B -65.20M $552.2M
YoY Change 144.89% -139.28% 324.44%
FREE CASH FLOW
Cash From Operating Activities -$127.4M -$38.40M $36.36M
Capital Expenditures $13.04M -$38.80M $13.33M
Free Cash Flow -$140.4M $400.0K $23.03M
YoY Change -709.85% -99.5% -194.49%

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23696000 USD
CY2014Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1401000 USD
CY2015Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-32293000 USD
CY2015Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
97595000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
97456000 USD
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
206271000 USD
CY2015Q1 us-gaap Other Assets Current
OtherAssetsCurrent
210901000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
192981000 USD
CY2015Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
243401000 USD
CY2014Q1 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
291000 USD
CY2015Q1 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
133000 USD
CY2014Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
461000 USD
CY2015Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-39490000 USD
CY2015Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-21800000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
467000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
782000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-38644000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-38708000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
928000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-38708000 USD
CY2014Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
166210000 USD
CY2015Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
234595000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
59957000 USD
CY2015Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
60772000 USD
CY2014Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2196000 USD
CY2015Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-6306000 USD
CY2014Q1 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
6727000 USD
CY2015Q1 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
17232000 USD
CY2014Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-295000 USD
CY2015Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-225000 USD
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
60546000 USD
CY2015Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
90940000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13334000 USD
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13036000 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
400000000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1500000000 USD
CY2014Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
3090000 USD
CY2015Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
31887000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
143048000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
51948000 USD
CY2014Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
32448000 USD
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10916000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
414691000 USD
CY2015Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
423055000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
149875000 USD
CY2015Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
145816000 USD
CY2014Q4 us-gaap Purchase Obligation
PurchaseObligation
9451112000 USD
CY2015Q1 us-gaap Purchase Obligation
PurchaseObligation
9780262000 USD
CY2014Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
44053000 USD
CY2015Q1 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
57229000 USD
CY2014Q4 us-gaap Purchase Obligation Due In Fourth And Fifth Year
PurchaseObligationDueInFourthAndFifthYear
1164308000 USD
CY2015Q1 us-gaap Purchase Obligation Due In Fourth And Fifth Year
PurchaseObligationDueInFourthAndFifthYear
1071291000 USD
CY2014Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
3747648000 USD
CY2015Q1 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
4016950000 USD
CY2014Q4 us-gaap Purchase Obligation Due In Second And Third Year
PurchaseObligationDueInSecondAndThirdYear
4495103000 USD
CY2015Q1 us-gaap Purchase Obligation Due In Second And Third Year
PurchaseObligationDueInSecondAndThirdYear
4634792000 USD
CY2015Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
64000 USD
CY2014Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
267000 USD
CY2015Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
251000 USD
CY2014Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
110310000 USD
CY2015Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
143106000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
819284000 USD
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
842980000 USD
CY2014Q1 us-gaap Revenues
Revenues
1270089000 USD
CY2015Q1 us-gaap Revenues
Revenues
1573129000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
25825000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
27441000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.48
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.36
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0283
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0203
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2860744 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2712588 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
101500000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
80800000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
148156 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
221.79
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
185.22
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
801626000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3263631 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3206907 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
151.53
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
170.29
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
801626000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
3206907 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
170.29
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
50.12
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
417.43
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M18D
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y3M18D
CY2015Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
204880 shares
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
1857708000 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
1909214000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
34800000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
38200000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
500000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
31800000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
5800000000 USD
CY2015Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
5500000000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61548000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61973000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59817000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60518000 shares
CY2015Q1 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 streaming content library amortization policy; 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>

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0001065280-15-000017.txt Edgar Link pending
0001065280-15-000017-xbrl.zip Edgar Link completed
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Financial_Report.xls Edgar Link completed
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nflx-20150331.xml Edgar Link completed
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