Netflix, Inc.

Consolidated Statements of Operations

(unaudited)
(in thousands, except per share data)
March 31,
2011
Revenues
Cost of revenues
Marketing*
Technology and development
General and administrative*
VPPA Settlement
Operating income (loss)
Other income (expense):
Interest expense
Interest and other income (expense)
Loss on extinguishment of debt
Income (loss) before income taxes
Provision (benefit) for income taxes
Net income (loss)
Earnings per share:
Basic
Diluted
Weighted-average common shares outstanding:
Basic
Diluted

Three Months Ended

Twelve Months Ended
June 30, September 30, December 31,
December 31,
2011
2011
2011
2011

March 31,
2012

Three Months Ended

Twelve Months Ended
June 30,
September 30, December 31,
December 31,
2012
2012
2012
2012

Three Months Ended

March 31,
June 30,
2013
2013

Six Months Ended

June 30,
2013

$ 718,553 $ 788,610 $
438,151
489,978
99,595
90,606
50,905
57,865
27,662
35,047
102,240
115,114

821,839 $
536,617
83,421
69,480
35,479
96,842

875,575 $
575,155
107,647
80,783
41,118
9,000
61,872

3,204,577 $
2,039,901
381,269
259,033
139,306
9,000
376,068

869,791 $
623,933
129,928
82,801
35,064
(1,935)

889,163 $
643,428
113,964
81,547
34,070
16,154

905,089 $
662,638
108,448
82,521
35,347
16,135

945,239 $
695,867
113,060
82,139
34,535
19,638

3,609,282 $
2,625,866
465,400
329,008
139,016
49,992

1,023,961 $
726,863
129,175
91,975
44,126
31,822

1,069,372 $
753,525
121,760
93,126
43,844
57,117

2,093,333
1,480,388
250,935
185,101
87,970
88,939

(4,865)
(5,303)
865
1,013
98,240
110,824
38,007
42,610
$ 60,233 $ 68,214 $

(4,915)
1,696
93,623
31,163
62,460 $

(4,942)
(95)
56,835
21,616
35,219 $

(20,025)
3,479
359,522
133,396
226,126 $

(4,974)
(116)
(7,025)
(2,441)
(4,584) $

(5,006)
(493)
10,655
4,491
6,164 $

(4,990)
801
11,946
4,271
7,675 $

(5,016)
282
14,904
7,007
7,897 $

(19,986)
474
30,480
13,328
17,152 $

(6,740)
977
(25,129)
930
(1,759)
2,689 $

(7,528)
(2,940)
46,649
17,178
29,471 $

(14,268)
(1,963)
(25,129)
47,579
15,419
32,160

1.19 $
1.16 $

.66 $
.64 $

4.28 $
4.16 $

(.08) $
(.08) $

.11 $
.11 $

.14 $
.13 $

.14 $
.13 $

.31 $
.29 $

.05 $
.05 $

.51 $
.49 $

.56
.53

$
$

1.14 $
1.11 $
52,759
54,246

1.30 $
1.26 $
52,470
53,909

52,569
53,870

53,582
55,439

52,847
54,369

55,456
55,456

* Certain prior period amounts have been reclassified from Marketing to General and Administrative to conform to current period presentation

55,526
58,809

55,541
58,729

55,562
59,129

55,521
58,904

55,972
60,146

58,192
60,590

57,089
60,369