NFLX FY 2020 Earnings Report — Netflix, Inc. Revenue & Financial Results | Market Cap Arena

Netflix, Inc.NFLX

FY 2020 Earnings

Reported January 28, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$25.0B	—	$20.2B	—	24.0%
Op. Income	$4.6B	—	$2.6B	—	76.1%
Gross Margin	38.9%	—	38.3%	—	0.6pp
Net Margin	11.0%	—	9.3%	—	1.8pp
EPS (Diluted)	$0.61	—	$0.41	—	47.7%
Free Cash Flow	$1.9B	—	-$3.1B	—	161.4%

Revenue Flow

Item	Amount
REVENUE	$25.0B
Cost of Revenue	$15.3B
GROSS PROFIT	$9.7B
R&D Expenses	$1.8B
Selling & Marketing	$2.2B
General & Administrative	$1.1B
SG&A Expenses	$3.3B
Other Expenses	$0
Operating Expenses	$5.1B
Cost & Expenses	$20.4B
OPERATING INCOME	$4.6B
Interest Income	$0
Interest Expense	$1.4B
Other Income/Expenses	-$1.4B
INCOME BEFORE TAX	$3.2B
Income Tax Expense	$438M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$10.9B
EBIT	$4.6B
EBITDA	$15.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$25.0B
Cost of Revenue	$15.3B
GROSS PROFIT	$9.7B
R&D Expenses	$1.8B
Selling & Marketing	$2.2B
General & Administrative	$1.1B
SG&A Expenses	$3.3B
Other Expenses	$0
Operating Expenses	$5.1B
Cost & Expenses	$20.4B
OPERATING INCOME	$4.6B
Interest Income	$0
Interest Expense	$1.4B
Other Income/Expenses	-$1.4B
INCOME BEFORE TAX	$3.2B
Income Tax Expense	$438M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$10.9B
EBIT	$4.6B
EBITDA	$15.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.8B
Depreciation & Amortization	$10.9B
Stock-Based Compensation	$415M
Deferred Income Tax	$70M
Other Non-Cash Items	-$11.7B
Change in Working Capital	-$32M
OPERATING CASH FLOW	$2.4B
Capital Expenditure	-$498M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$505M
Net Debt Issuance	$1.0B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$8M
NET CASH FROM FINANCING	$1.2B
FREE CASH FLOW	$1.9B
Net Change in Cash	$3.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$8.2B
Short-Term Investments	$0
Net Receivables	$611M
Inventory	$0
Other Current Assets	$742M
TOTAL CURRENT ASSETS	$9.8B
PP&E (Net)	$960M
Goodwill	$0
Intangible Assets	$25.4B
Long-Term Investments	$32M
Tax Assets	$0
Other Non-Current Assets	$3.1B
TOTAL NON-CURRENT ASSETS	$29.5B
TOTAL ASSETS	$39.3B
Account Payables	$656M
Short-Term Debt	$500M
Deferred Revenue	$1.1B
Other Current Liabilities	$4.2B
TOTAL CURRENT LIABILITIES	$7.8B
Long-Term Debt	$15.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.7B
TOTAL NON-CURRENT LIABILITIES	$20.4B
TOTAL LIABILITIES	$28.2B
Common Stock	$3.4B
Additional Paid-In Capital	$0
Retained Earnings	$7.6B
Treasury Stock	$0
Accum. Other Comp. Income	$44M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.1B
Minority Interest	$0
TOTAL EQUITY	$11.1B
TOTAL LIABILITIES & EQUITY	$39.3B
Total Debt	$18.5B
Net Debt	$10.3B