Conduct a financial analysis for Netflix for 2017, 2016, and 2015 using any six of the following financial ratios: current ratio, return on equity, return on assets, operating profit margin, coverage ratio, net profit margin, debt to assets, and debt to equity. Show your work. Tabulate your results.

EXHIBIT 2 Selected Balance Sheet and Cash Flow Data for Netflix, 2000-2017 (in millions) 2000 2005 2010 2015 2016 2017 Selected Balance Sheet Data $ 14.9 $212.3 $2,822.8 $194.5 155.9 637.2 362.0 n.a. 243.7 n.a. 57.0 Cash and cash equivalents Short-term investments Current assets Total content assets Total assets Current liabilities Long-term debt* Stockholders' equity Cash Flow Data $1,809.3 501.4 5,431.8 7,218.8 10,202.9 3,529.6 2,371.4 2,223.4 $ 1,467.6 266.2 5,720.3 11,008.8 13,586.6 4,586.7 3,364.3 10,906.8 52.5 982.1 364.7 137.6 7,670.0 14,682.0 19,012.7 5,466.3 6,499.4 15,430.8 n.a. 388.6 200.0 290.2 (73.3) 226.3 $(22.7) $157.5 $276.4 $ (749.4) $(1,474.0) $(1,785.9) (25.0) (133.2) (116.1) Net cash (used in) provided by operating activities Net cash provided by (used in) investing activities Net cash provided by (used in) financing activities (179.2) 49.8 34.3 48.4 13.3 (100.0) 1,640.3 1,091.3 3,077.0 EXHIBITI Netflix's Consolidated Statements of Operations, 2000-2017 (in millions, except per share data) 2000 2005 2010 2015 2016 2017 $ 35.9 35.1 $682.2 465.8 $2,162.6 1,357.4 $6,779.5 4,591.5 $8,830.7 6,029.9 $11,692.7 7,659.7 Revenues Cost of revenues (almost all of which relates to amortization of content assets) Gross profit Operating expenses Technology and development Marketing General and administrative 0.8 216.4 805.3 2,188.0 2,800.8 4,033.0 16.8 25.7 7.0 35.4 144.6 35.5 163.3 293.8 64.5 650.8 824.1 407.3 852.1 991.1 577.8 1,052.8 1,278.0 863.6 Other Total operating expenses 9.7 59.2 (2.0) 213.4 521.6 1,882.2 3,194.4 (58.4) 3.0 (0.2) 5.3 283.6 (15.9) 267.7 23 Operating income Interest and other income (expense) Income before income taxes Provision for (benefit from) income taxes Net income 2,421.0 379.8 (119.3) 260.5 73.8 305.8 (163.9) 141.9 19.2 838.7 (591.5) 485.3 (73.6) 106.8 -- $(58.5) (33.7) $ 42.0 $ 160.8 $ 122.6 $ 186.7 $ 558.9 Net income per share: $ $ $ $ Basic Diluted $(2.98) (2.98) $ 0.11 0.09 0.44 0.40 0.29 0.28 0.44 0.43 1.29 1.25 Weighted average common shares outstanding (in millions) Basic Diluted 19.6 19.6 374.5 458. 5 365.5 380. 1 425.9 436.5 428.8 438.7 431.9 446.8