Stock Analysis on Net
Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

Common-Size Income Statement
Quarterly Data

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Netflix Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Revenues 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of revenues -62.41 -63.39 -59.07 -61.05 -63.50 -65.29 -63.29 -61.49 -62.16 -64.14 -66.77 -68.29 -62.85 -66.78 -66.93 -69.97 -69.96 -68.52 -67.53 -68.20 -66.52
Gross profit 37.59% 36.61% 40.93% 38.95% 36.50% 34.71% 36.71% 38.51% 37.84% 35.86% 33.23% 31.71% 37.15% 33.22% 33.07% 30.03% 30.04% 31.48% 32.47% 31.80% 33.48%
Marketing -8.74 -16.08 -10.56 -12.25 -13.64 -17.44 -12.76 -15.15 -14.50 -12.78 -10.47 -9.85 -10.29 -11.50 -12.32 -10.26 -10.63 -12.29 -11.97 -11.99 -12.38
Technology and development -7.87 -7.49 -7.24 -7.78 -8.25 -7.92 -7.72 -7.65 -7.63 -8.32 -8.55 -9.59 -9.75 -9.09 -9.44 -9.85 -10.40 -9.92 -9.88 -9.43 -9.10
General and administrative -4.37 -4.66 -4.45 -4.56 -4.47 -4.19 -4.22 -3.88 -3.64 -7.30 -7.22 -7.68 -7.37 -6.42 -6.69 -6.57 -6.50 -5.98 -6.38 -5.83 -5.82
Operating income 16.61% 8.39% 18.69% 14.35% 10.15% 5.15% 12.02% 11.83% 12.07% 7.47% 6.99% 4.59% 9.75% 6.21% 4.63% 3.34% 2.53% 3.28% 4.24% 4.55% 6.20%
Interest expense -3.19 -3.25 -3.06 -3.09 -3.00 -3.08 -2.72 -2.60 -2.19 -2.29 -2.03 -1.99 -1.77 -1.76 -1.55 -1.68 -1.82 -1.94 -2.03 -2.14 -1.70
Interest and other income (expense) 0.38 -2.40 3.67 -1.09 1.68 0.77 0.18 1.74 -1.78 -1.18 -1.06 -2.10 0.52 -0.81 0.38 0.78 1.33 -0.20 0.23 0.05 -2.05
Other income (expense) -2.82% -5.65% 0.61% -4.17% -1.31% -2.30% -2.55% -0.86% -3.97% -3.47% -3.10% -4.09% -1.26% -2.57% -1.17% -0.91% -0.49% -2.15% -1.81% -2.09% -3.75%
Income before income taxes 13.80% 2.73% 19.30% 10.17% 8.84% 2.85% 9.47% 10.97% 8.10% 4.00% 3.89% 0.50% 8.49% 3.64% 3.46% 2.43% 2.04% 1.14% 2.43% 2.46% 2.44%
(Provision for) benefit from income taxes -1.50 8.00 -6.62 -4.68 -1.23 0.35 0.60 -1.13 -0.26 1.65 0.45 1.85 -1.73 -0.95 -1.21 -0.50 -0.62 1.23 -0.74 -0.86 -0.94
Net income 12.29% 10.74% 12.68% 5.50% 7.61% 3.20% 10.07% 9.84% 7.84% 5.65% 4.34% 2.36% 6.76% 2.69% 2.25% 1.94% 1.41% 2.37% 1.69% 1.60% 1.51%

Based on: 10-Q (filing date: 2020-04-21), 10-K (filing date: 2020-01-29), 10-Q (filing date: 2019-10-18), 10-Q (filing date: 2019-07-19), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-01-29), 10-Q (filing date: 2018-10-18), 10-Q (filing date: 2018-07-18), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-01-29), 10-Q (filing date: 2017-10-18), 10-Q (filing date: 2017-07-19), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-01-27), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-19), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-01-28), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).

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 decreased from Q3 2019 to Q4 2019 but then increased from Q4 2019 to Q1 2020 not reaching Q3 2019 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.’s income before income taxes as a percentage of revenues decreased from Q3 2019 to Q4 2019 but then increased from Q4 2019 to Q1 2020 not reaching Q3 2019 level.
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 decreased from Q3 2019 to Q4 2019 but then increased from Q4 2019 to Q1 2020 not reaching Q3 2019 level.