Stock Analysis on Net
Stock Analysis on Net
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Netflix Inc. (NASDAQ:NFLX)

Common-Size Income Statement

Beginner level

Netflix Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Revenues 100.00 100.00 100.00 100.00 100.00
Cost of revenues -61.72 -63.11 -65.51 -68.28 -67.73
Gross profit 38.28% 36.89% 34.49% 31.72% 32.27%
Marketing -13.16 -15.00 -10.93 -11.22 -12.16
Technology and development -7.67 -7.74 -9.00 -9.65 -9.60
General and administrative -4.54 -3.99 -7.39 -6.54 -6.01
Operating income 12.92% 10.16% 7.17% 4.30% 4.51%
Interest expense -3.11 -2.66 -2.04 -1.70 -1.96
Interest and other income (expense) 0.42 0.26 -0.98 0.35 -0.46
Other income (expense) -2.69% -2.40% -3.02% -1.35% -2.42%
Income before income taxes 10.23% 7.77% 4.15% 2.95% 2.09%
(Provision for) benefit from income taxes -0.97 -0.10 0.63 -0.84 -0.28
Net income 9.26% 7.67% 4.78% 2.11% 1.81%

Based on: 10-K (filing date: 2020-01-29), 10-K (filing date: 2019-01-29), 10-K (filing date: 2018-01-29), 10-K (filing date: 2017-01-27), 10-K (filing date: 2016-01-28).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Netflix Inc.’s operating income as a percentage of revenues increased from 2017 to 2018 and from 2018 to 2019.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Netflix Inc.’s income before income taxes as a percentage of revenues increased from 2017 to 2018 and from 2018 to 2019.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Netflix Inc.’s net income as a percentage of revenues increased from 2017 to 2018 and from 2018 to 2019.