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From the following consolidated statements of earnings for Netflix, Inc., prepare a vertical analysis in the from a common-size income statement (percentages only) for 2013
From the following consolidated statements of earnings for Netflix, Inc., prepare a vertical analysis in the from a common-size income statement (percentages only) for 2013 NETFLIX, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands) NETFLIX, INC. NETELIX INC CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands) Twelve Months Ended : December 31, 2013 Revenues $4,374,562 Cost of revenues 3,083,256 Marketing 503,889 Technology and development 378,769 General and administrative 180,301 Operating income 228,347 Other income (expense) Interest expense (29,142) Interest and other (3,002) Loss on extinguishment of debt (25,129) Income before income taxes 171,074 Provision for income taxes 58,671 Net income $ 112,403 4
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