Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Netflix Inc., consolidated income statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Revenues 29,697,844 24,996,056 20,156,447 15,794,341 11,692,713
Cost of revenues (17,332,683) (15,276,319) (12,440,213) (9,967,538) (7,659,666)
Gross profit 12,365,161 9,719,737 7,716,234 5,826,803 4,033,047
Marketing (2,545,146) (2,228,362) (2,652,462) (2,369,469) (1,278,022)
Technology and development (2,273,885) (1,829,600) (1,545,149) (1,221,814) (1,052,778)
General and administrative (1,351,621) (1,076,486) (914,369) (630,294) (863,568)
Operating income 6,194,509 4,585,289 2,604,254 1,605,226 838,679
Interest expense (765,620) (767,499) (626,023) (420,493) (238,204)
Interest and other income (expense) 411,214 (618,441) 84,000 41,725 (115,154)
Other income (expense) (354,406) (1,385,940) (542,023) (378,768) (353,358)
Income before income taxes 5,840,103 3,199,349 2,062,231 1,226,458 485,321
(Provision for) benefit from income taxes (723,875) (437,954) (195,315) (15,216) 73,608
Net income 5,116,228 2,761,395 1,866,916 1,211,242 558,929

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Netflix Inc. revenues increased from 2019 to 2020 and from 2020 to 2021.
Operating income The net result for the period of deducting operating expenses from operating revenues. Netflix Inc. operating income increased from 2019 to 2020 and from 2020 to 2021.
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 increased from 2019 to 2020 and from 2020 to 2021.
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 increased from 2019 to 2020 and from 2020 to 2021.