$NFLX
NETFLIX INC

2009 Form 10-K Financial Statement

#000119312510036181 Filed on February 22, 2010

View on sec.gov

Income Statement

Concept 2009 2008 2007
Revenue $1.670B $1.365B $1.205B
YoY Change 22.34% 13.28% 20.86%
Cost Of Revenue $1.079B $910.0M $786.0M
YoY Change 18.57% 15.78% 25.36%
Gross Profit $591.0M $455.0M $420.0M
YoY Change 29.89% 8.33% 13.51%
Gross Profit Margin 35.39% 33.33% 34.85%
Selling, General & Admin $289.1M $249.4M $270.6M
YoY Change 15.92% -7.85% 3.68%
% of Gross Profit 48.91% 54.81% 64.43%
Research & Development $114.5M $89.87M $70.98M
YoY Change 27.45% 26.62% 47.87%
% of Gross Profit 19.38% 19.75% 16.9%
Depreciation & Amortization $257.5M $242.3M $225.6M
YoY Change 6.27% 7.4% 42.97%
% of Gross Profit 43.57% 53.25% 53.71%
Operating Expenses $403.6M $339.2M $341.6M
YoY Change 18.97% -0.69% 10.55%
Operating Profit $187.4M $115.8M $78.41M
YoY Change 61.88% 47.63% 28.53%
Interest Expense $0.00 $10.00M $19.00M
YoY Change -100.0% -47.37% 26.67%
% of Operating Profit 0.0% 8.64% 24.23%
Other Income/Expense, Net
YoY Change
Pretax Income $192.0M $132.0M $111.0M
YoY Change 45.45% 18.92% 38.75%
Income Tax $76.00M $48.00M $44.00M
% Of Pretax Income 39.58% 36.36% 39.64%
Net Earnings $116.0M $83.00M $67.00M
YoY Change 39.76% 23.88% 36.73%
Net Earnings / Revenue 6.95% 6.08% 5.56%
Basic Earnings Per Share
Diluted Earnings Per Share $283.6K $188.6K $139.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2009 2008 2007
SHORT-TERM ASSETS
Cash & Short-Term Investments $320.0M $297.0M $385.0M
YoY Change 7.74% -22.86% -3.75%
Cash & Equivalents $134.0M $140.0M $177.0M
Short-Term Investments $186.0M $157.0M $208.0M
Other Short-Term Assets $54.00M $43.00M $31.00M
YoY Change 25.58% 38.71% 10.71%
Inventory
Prepaid Expenses
Receivables $37.00M $19.00M $16.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $411.0M $359.0M $432.0M
YoY Change 14.48% -16.9% 0.93%
LONG-TERM ASSETS
Property, Plant & Equipment $132.0M $125.0M $113.0M
YoY Change 5.6% 10.62% 101.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.000M $0.00
YoY Change
Other Assets $27.00M $25.00M $20.00M
YoY Change 8.0% 25.0% 5.26%
Total Long-Term Assets $269.0M $256.0M $247.0M
YoY Change 5.08% 3.64% 36.46%
TOTAL ASSETS
Total Short-Term Assets $411.0M $359.0M $432.0M
Total Long-Term Assets $269.0M $256.0M $247.0M
Total Assets $680.0M $615.0M $679.0M
YoY Change 10.57% -9.43% 11.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $93.00M $100.0M $100.0M
YoY Change -7.0% 0.0% 6.38%
Accrued Expenses $33.00M $31.00M $36.00M
YoY Change 6.45% -13.89% 20.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $227.0M $216.0M $209.0M
YoY Change 5.09% 3.35% 8.29%
LONG-TERM LIABILITIES
Long-Term Debt $237.0M $38.00M $36.00M
YoY Change 523.68% 5.56%
Other Long-Term Liabilities $17.00M $14.00M $5.000M
YoY Change 21.43% 180.0% 400.0%
Total Long-Term Liabilities $254.0M $52.00M $41.00M
YoY Change 388.46% 26.83% 4000.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $227.0M $216.0M $209.0M
Total Long-Term Liabilities $254.0M $52.00M $41.00M
Total Liabilities $481.0M $268.0M $249.0M
YoY Change 79.48% 7.63% 27.69%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $199.0M $347.0M $430.0M
YoY Change
Total Liabilities & Shareholders Equity $680.0M $615.0M $679.0M
YoY Change 10.57% -9.43% 11.49%

Cashflow Statement

Concept 2009 2008 2007
OPERATING ACTIVITIES
Net Income $116.0M $83.00M $67.00M
YoY Change 39.76% 23.88% 36.73%
Depreciation, Depletion And Amortization $257.5M $242.3M $225.6M
YoY Change 6.27% 7.4% 42.97%
Cash From Operating Activities $325.1M $284.0M $277.4M
YoY Change 14.47% 2.38% 11.76%
INVESTING ACTIVITIES
Capital Expenditures -$239.2M -$207.7M -$253.5M
YoY Change 15.17% -18.07% 28.42%
Acquisitions
YoY Change
Other Investing Activities -$6.900M $62.70M -$182.6M
YoY Change -111.0% -134.34% -1674.14%
Cash From Investing Activities -$246.1M -$145.0M -$436.0M
YoY Change 69.72% -66.74% 134.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -84.60M -176.6M -64.40M
YoY Change -52.1% 174.22% -151.15%
NET CHANGE
Cash From Operating Activities 325.1M 284.0M 277.4M
Cash From Investing Activities -246.1M -145.0M -436.0M
Cash From Financing Activities -84.60M -176.6M -64.40M
Net Change In Cash -5.600M -37.60M -223.0M
YoY Change -85.11% -83.14% -218.49%
FREE CASH FLOW
Cash From Operating Activities $325.1M $284.0M $277.4M
Capital Expenditures -$239.2M -$207.7M -$253.5M
Free Cash Flow $564.3M $491.7M $530.9M
YoY Change 14.77% -7.38% 19.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2007 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
70979000
CY2007 nflx Fulfillment Expense
FulfillmentExpense
121761000
CY2009 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
51333000
CY2009 us-gaap Marketing Expense
MarketingExpense
237744000
CY2009 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
114542000
CY2009 nflx Fulfillment Expense
FulfillmentExpense
169810000
CY2008 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
49662000
CY2008 us-gaap Marketing Expense
MarketingExpense
199713000
CY2008 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
89873000
CY2008 nflx Fulfillment Expense
FulfillmentExpense
149101000
CY2007 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
52404000
CY2007 us-gaap Marketing Expense
MarketingExpense
218212000

Files In Submission

Name View Source Status
0001193125-10-036181-index-headers.html Edgar Link completed
0001193125-10-036181-index.html Edgar Link completed
0001193125-10-036181.txt Edgar Link pending
d10k.htm Edgar Link completed
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dex231.htm Edgar Link completed
dex311.htm Edgar Link completed
dex312.htm Edgar Link completed
dex321.htm Edgar Link completed
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Financial_Report.xls Edgar Link completed
g75635g84f66.jpg Edgar Link completed
nflx-20091231.xml Edgar Link completed
nflx-20091231.xsd Edgar Link completed
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nflx-20091231_def.xml Edgar Link unprocessable
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