Stock Analysis on Net
Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

Common-Size Income Statement

Netflix Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenues 100.00 100.00 100.00 100.00 100.00
Cost of revenues -58.46 -60.63 -58.36 -61.11 -61.72
Gross profit 41.54% 39.37% 41.64% 38.89% 38.28%
Marketing -7.88 -8.00 -8.57 -8.91 -13.16
Technology and development -7.93 -8.58 -7.66 -7.32 -7.67
General and administrative -5.10 -4.98 -4.55 -4.31 -4.54
Operating income 20.62% 17.82% 20.86% 18.34% 12.92%
Interest expense -2.08 -2.23 -2.58 -3.07 -3.11
Interest and other income (expense) -0.14 1.07 1.38 -2.47 0.42
Other income (expense) -2.22% -1.17% -1.19% -5.54% -2.69%
Income before income taxes 18.40% 16.65% 19.67% 12.80% 10.23%
Provision for income taxes -2.36 -2.44 -2.44 -1.75 -0.97
Net income 16.04% 14.21% 17.23% 11.05% 9.26%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Netflix Inc. operating income as a percentage of revenues decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
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. income before income taxes as a percentage of revenues decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Netflix Inc. net income as a percentage of revenues decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.