Netflix (NFLX) FY2013 results: revenue $4.4 billion, up 21.2% on the year
Netflix Inc. (NFLX) reported revenue of $4.4 billion for fiscal 2013, the year ended 31 December 2013, up 21.2% on the year before. Net income was $112 million, up 555.3%, and diluted earnings per share $0.03. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2014.
Revenue
$4.4 billion
+21.2% on the year
FY2007FY2013
Operating margin
5.2%
1.4% a year earlier
FY2007FY2013
Net income
$112 million
+555.3% on the year
FY2007FY2013
Diluted EPS
$0.03
+543.9% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
4,375
3,609
3,205
+21.2%
Cost of revenue
3,117
2,652
2,040
+17.5%
Gross profit
1,257
957
1,165
+31.4%
Gross margin
28.7%
26.5%
36.3%
Research and development
379
329
259
+15.1%
Operating income
228
50.0
376
+356.8%
Operating margin
5.2%
1.4%
11.7%
Interest expense
29.1
20.0
20.0
+45.8%
Pre-tax income
171
30.5
360
+461.3%
Income tax
58.7
13.3
133
+340.2%
Effective tax rate
34.3%
43.7%
37.1%
Net income
112
17.2
226
+555.3%
Net margin
2.6%
0.5%
7.1%
Diluted EPS
$0.03
$0.00
$0.06
+543.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
97.8
21.6
318
+353.2%
Capital expenditure
54.1
40.3
49.7
+34.4%
Free cash flow
43.7
-18.7
268
Free cash flow margin
1.0%
-0.5%
8.4%
Cash from investing
-256
-245
-266
Cash from financing
476
5.6
262
+8,421.5%
Depreciation and amortisation
48.4
45.5
43.7
+6.4%
Share-based compensation
73.1
73.9
61.6
-1.1%
Buybacks
0.0
0.0
200
Diluted shares, weighted
4,253m
4,123m
3,806m
+3.2%
Shares outstanding at period end
4,172m
3,878m
3,878m
+7.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,334
745
643
+79.1%
Debt
500
200
200
+150.0%
Other liabilities
3,579
3,023
2,226
+18.4%
Total liabilities and equity
5,413
3,968
3,069
+36.4%
Fixed assets
134
132
136
+1.5%
Investments
595
458
290
+30.1%
Cash and equivalents
605
290
508
+108.4%
Other assets
4,079
3,088
2,135
+32.1%
Total assets
5,413
3,968
3,069
+36.4%
10-K for the year ended 31 December 2013, filed 3 February 2014: the filing.