Netflix, Inc. (ETR: NFC)

Netflix Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	62,480	60,115	59,283	48,704	41,518	39,121
Revenue Growth (YoY)	7.15%	1.40%	21.72%	17.31%	6.13%	-7.50%
Cost of Revenue	15,128	15,915	17,206	13,466	11,990	11,060
Gross Profit	47,352	44,200	42,077	35,238	29,528	28,061
Selling, General & Admin	9,847	9,884	9,669	9,403	8,569	8,829
Research & Development	17,739	18,342	11,918	11,942	10,564	8,594
Operating Expenses	27,586	28,226	21,587	21,345	19,133	17,423
Operating Income	19,766	15,974	20,490	13,893	10,395	10,638
Interest Expense	-1,240	-1,146	-962	-806	-831	-893
Interest & Investment Income	285	365	157	36	118	274
Currency Exchange Gain (Loss)	-392	-370	-237	-297	-145	-187
Other Non Operating Income (Expenses)	271.5	420	681	256	71	124
EBT Excluding Unusual Items	18,691	15,243	20,129	13,082	9,608	9,956
Merger & Restructuring Charges	-2,928	-12,342	-666	-868	-4,993	-2,660
Impairment of Goodwill	-	-	-	-	-	-162
Gain (Loss) on Sale of Investments	266	340	-1,419	1,940	1,338	170
Asset Writedown	-779	-779	-1,600	-275	-90	-172
Legal Settlements	-0.5	-573	-	-	-	-
Other Unusual Items	-	-	-	-	-	39
Pretax Income	15,249	1,889	16,444	13,879	5,863	7,171
Income Tax Expense	1,497	1,512	1,918	1,521	1,340	1,565
Earnings From Continuing Operations	13,752	377	14,526	12,358	4,523	5,606
Earnings From Discontinued Operations	-	-	-	704	2,548	4,153
Net Income to Company	13,752	377	14,526	13,062	7,071	9,759
Minority Interest in Earnings	-16	-12	-7	-13	-4	84
Net Income	13,736	365	14,519	13,049	7,067	9,843
Net Income to Common	13,736	365	14,519	13,049	7,067	9,843
Net Income Growth	341.53%	-97.49%	11.27%	84.65%	-28.20%	58.25%
Shares Outstanding (Basic)	2,535	2,537	2,532	2,530	2,530	2,565
Shares Outstanding (Diluted)	2,550	2,547	2,542	2,538	2,541	2,580
Shares Change (YoY)	0.28%	0.20%	0.16%	-0.12%	-1.51%	-3.70%
EPS (Basic)	5.42	0.14	5.73	5.16	2.79	3.84
EPS (Diluted)	5.39	0.14	5.71	5.14	2.78	3.82
EPS Growth	339.23%	-97.55%	11.15%	84.62%	-27.15%	64.64%
Free Cash Flow	13,147	9,143	14,707	9,661	5,812	10,071
Free Cash Flow Per Share	5.16	3.59	5.79	3.81	2.29	3.90
Dividend Per Share	3.000	2.920	2.760	2.600	2.440	2.200
Dividend Growth	5.63%	5.80%	6.15%	6.56%	10.91%	14.58%
Gross Margin	75.79%	73.53%	70.98%	72.35%	71.12%	71.73%
Operating Margin	31.64%	26.57%	34.56%	28.53%	25.04%	27.19%
Profit Margin	21.98%	0.61%	24.49%	26.79%	17.02%	25.16%
Free Cash Flow Margin	21.04%	15.21%	24.81%	19.84%	14.00%	25.74%
EBITDA	23,632	19,706	24,279	17,016	13,613	13,715
EBITDA Margin	37.82%	32.78%	40.95%	34.94%	32.79%	35.06%
D&A For EBITDA	3,866	3,732	3,789	3,123	3,218	3,077
EBIT	19,766	15,974	20,490	13,893	10,395	10,638
EBIT Margin	31.64%	26.57%	34.56%	28.53%	25.04%	27.19%
Effective Tax Rate	9.82%	80.04%	11.66%	10.96%	22.86%	21.82%
Advertising Expenses	-	2,300	2,200	2,000	1,800	1,900

Source: S&P Capital IQ. Standard template. Financial Sources.