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.
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- Balance Sheet: Assets
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Price to Book Value (P/BV) since 2005
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Netflix Inc., consolidated income statement
US$ in thousands
Based on: 10-K (reporting date: 2024-12-31), 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).
- Revenue Growth
- Revenues have consistently increased each year from 24,996,056 thousand USD in 2020 to 39,000,966 thousand USD in 2024, indicating a strong upward trend in sales over the five-year period.
- Cost of Revenues
- The cost of revenues also increased steadily from 15,276,319 thousand USD in 2020 to 21,038,464 thousand USD in 2024. Despite rising costs, the growth rate of revenues outpaced cost increases, contributing to improved profitability.
- Gross Profit
- Gross profit showed a significant rise from 9,719,737 thousand USD in 2020 to 17,962,502 thousand USD in 2024. The increase suggests improved operational efficiency or higher-margin product mix, enhancing the core profitability of the business.
- Operating Expenses
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Sales and marketing expenses rose from 2,228,362 thousand USD to 2,917,554 thousand USD, showing moderate growth aligned with the revenue increase.
Technology and development expenses increased from 1,829,600 thousand USD in 2020 to 2,925,295 thousand USD in 2024, reflecting ongoing investment in innovation and product enhancement.
General and administrative expenses also grew but at a slower pace, from 1,076,486 thousand USD to 1,702,039 thousand USD, indicating controlled overhead costs relative to sales expansion. - Operating Income
- Operating income fluctuated but maintained an overall upward trend, increasing from 4,585,289 thousand USD in 2020 to 10,417,614 thousand USD in 2024. The peak in 2024 highlights enhanced operational leverage and profitability improvements despite higher expenses.
- Interest and Other Income (Expense)
- Interest expense remained relatively stable, around 700,000 to 770,000 thousand USD annually. Interest and other income experienced volatility, peaking positively in 2021 and 2022, but showing a negative figure in 2023 before recovering in 2024, which may impact net finance costs unpredictably.
- Other Income (Expense)
- Other income (expense) was generally negative throughout the period, although the magnitude decreased somewhat in recent years from -1,385,940 thousand USD in 2020 to -451,957 thousand USD in 2024, reducing its adverse effect on pre-tax income.
- Income Before Taxes and Net Income
- Income before income taxes demonstrated a substantial increase from 3,199,349 thousand USD in 2020 to 9,965,657 thousand USD in 2024, mirroring strong earnings growth.
Provision for income taxes rose correspondingly, from 437,954 thousand USD to 1,254,026 thousand USD, consistent with higher pre-tax income.
Net income showed significant improvement from 2,761,395 thousand USD in 2020 to 8,711,631 thousand USD in 2024, indicating strong bottom-line growth and effective management of operational and financial factors.