How to calculate the growth rate of sales from one year to the next? The information below is based on Netflix.

EXHIBIT 1 Netflix's Consolidated Statements of Operations, 2000-2017 (in millions, except per share data) 2000 2005 2010 2015 2016 Revenues $ 35.9 $682.2 $2,162.6 $6,779.5 $8,830.7 $1 Cost of revenues (almost all of which relates to amortization of content assets) 35.1 465.8 1,357.4 4,591.5 6,029.9 Gross profit 0.8 216.4 805.3 2,188.0 2,800.8 Operating expenses Technology and development 16.8 35.4 163.3 650.8 852.1 Marketing 25.7 144.6 293.8 824.1 991.1 General and administrative 7.0 35.5 64.5 407.3 577.8 Other 9.7 (2.0) Total operating expenses 59.2 213.4 521.6 1,882.2 2,421.0Operating income (58.4) 3.0 283.6 305.8 379.8 Interest and other income (expense) (0.2) 5.3 (15.9) (163.9) (119.3) Income before income taxes 8.3 267.7 141.9 260.5 Provision for (benefit from) income taxes (33.7) 106.8 19.2 73.8 Net income $(58.5) $ 42.0 $ 160.8 $ 122.6 $ 186.7 $ Net income per share: Basic $(2.98) $ 0.11 $ 0.44 $ 0.29 $ 0.44 $ Diluted (2.98) 0.09 0.40 0.28 0.43 Weighted average common shares outstanding (in millions) Basic 19.6 374.5 365.5 425.9 428.8 Diluted 196 458 5 380 1 436 5 438 7Selected Balance Sheet and Cash Flow Data for Netflix, 2000-2017 (in millions) 2000 2005 2010 2015 2016 2017 Selected Balance Sheet Data Cash and cash equivalents $ 14.9 $212.3 $194.5 $1,809.3 $ 1,467.6 $ 2,822.8 Short-term investments - 155.9 501.4 266.2 Current assets n.a. 243.7 637.2 5,431.8 5,720.3 7,670.0 Total content assets n.a. 57.0 362.0 7,218.8 11,008.8 14,682.0 Total assets 52.5 364.7 982.1 10,202.9 13,586.6 19.012.7 Current liabilities n.a. 137.6 388.6 3,529.6 4,586.7 5.466.3 Long-term debt* - 200.0 2,371.4 3,364.3 6.499.4 Stockholders' equity (73.3) 226.3 290.2 2,223.4 10,906.8 15,430.8Short-term investments 155.9 501.4 266.2 Current assets n.a. 243.7 637.2 5,431.8 5,720.3 7,670.0 Total content assets n.a. 57.0 362.0 7,218.8 11,008.8 14,682.0 Total assets 52.5 364.7 982.1 10,202.9 13,586.6 19,012.7 Current liabilities n.a. 137.6 388.6 3,529.6 4,586.7 5,466.3 Long-term debt* - - 200.0 2,371.4 3,364.3 6,499.4 Stockholders' equity (73.3) 226.3 290.2 2,223.4 10,906.8 15,430.8 Cash Flow Data Net cash (used in) provided by operating activities $(22.7) $157.5 $276.4 $ (749.4) $(1,474.0) $(1,785.9) Net cash provided by (used in) investing activities (25.0) (133.2) (116.1) (179.2) 49.8 34.3 Net cash provided by (used in) financing activities 48.4 13.3 (100.0) 1,640.3 1,091.3 3,077.0EXHIBIT 4 The Percentage of Internet Users in Selected Countries Who Watched Online Video Content on Any Device as of January 2018 Country Percentage of Internet Users Watching Online Video Content on Any Device Saudi Arabia 95% China 92% New Zealand 91% Mexico 88% Australia 88% Spain 86% India 85% Brazil 85%\fEXHIBIT 5 Netflix's Performance by Business Segment, 2015-2017 (In millions, except for average monthly revenues per paying member and percentages) Domestic Streaming Segment 2017 2016 2015 Memberships Paid memberships at year-end 52.8 47.9 43.4 Trial memberships at year-end 2.0 1.5 1.3 Total 54.8 49.4 44.7 Net membership additions 5.5 4.7 5.6 Average monthly revenue per paying membership 10.18 $ 9.21 $ 8.50 Revenues $ 6,153.0 $ 5,077.3 $ 4,180.3 Cost of Revenues (Note 1) 3,319.2 2,855.8 2,487.2Marketing costs 553.3 382.8 313.6 Contribution prot (Note 2) $ 2,280.5 $ 1,838.? $ 1,325.5 Contribution margin 32% 36% 3 3% Memberships Paid memberships at year-end 5?.8 41.2 27.4 Trial memberships at year-end 5.0 3.2 2.6 Total 62.8 44.4 30.0 Net membership additions 18.5 14.3 11.7 Average monthly revenue per paying membership $ 8.66 $ 181 $ 7.48 Revenues $5,089.2 $ 3,211.1 $ 1,953.4 Cost of Revenues (Note 1) 4,137.9 2,911.4 1,780.4 Marketing costs 724.7 608.2 506.4 Contribution profit (Note 2) $ 226.6 $ (308.5) $ (333.6) Contribution margin 4% (10)% (17)% Domestic DVD Segment Memberships Paid memberships at year-end 3.3 4.0 4.8 Trial memberships at year-end .1 .1 Total 3.4 4.1 4.9 Mat mambarshis lasman 7 0Average monthly revenue per paying membership $ 10.17 $ 10.22 $ 10.30 Revenues $ 450.5 3; 542.3 $ 645.7 Cost of Revenues {Note 1) 202.5 262.? 323.9 Marketing costs _ _ _ Contribution prot (Note 2) $ 243.0 3; 279.5 31 321.8 Contribution margin 55% 52% 50% Global streaming memberships at year end 1116 93.8 74.8 Global streaming average monthly revenue per paying membership $ 9.43 $ 8.61 $ 8.15 Revenues $11,692.? $ 8,830.? $ 6,129.5 nnemtinrr income 9131 7 Ti\") Fl 10'? R Contribution profit (Note 2) $ 248.0 $ 279.5 $ 321.8 Contribution margin 55% 52% 50% Global Totals Global streaming memberships at year end 117.6 93.8 74.8 Global streaming average monthly revenue per paying membership 9.43 8.61 8.15 Revenues $11,692.7 $ 8,830.7 $ 6,779.5 Operating income 838.7 379.8 305.8 Operating margin 7% 4% 5% Net income $ 558.9 $ 186.7 $ 122.6 Note 1: Cost of revenues for the domestic and international streaming segments consist mainly of the amortization of streaming content assets, with the remainder Note 2: The company defined contribution margin as revenues less cost of revenues and marketing expenses incurred by segment.EXHIBIT 6 The Growing Financial Strain of Netl'llx's Strategic Emphasis on Producing Original Content ln-House, 2013 2017 2017 2016 2015 2014 2013 Streaming content obligations at year-end $17,694.6 $14,479.5 $10,902.2 $9,451.] $12522 Additions to streaming content assets 9,805.8 8,653.3 5,771.6 3,773.0 3,030.7 Additions to DVD content assets 53.7 77.2 78.0 74.8 65.9 Amortization of streaming content assets 6,197.8 4,788.5 3,405.4 2,656.3 2,122.0 Amortization of DVD content assets 60.7 79.0 79.4 71.9 71.3 Net cash used in operating activities (1,785.9) (1,474.0) (749.4) 16.4 97.8 Proceeds from issuance of debt 3,020.5 1,000.0 1,500.0 400.0 500.0 Proceeds from issuance of common stock 88.4 37.0 78.0 60.5 124.6 Additions to DVD content assets 53.7 77.2 78.0 74.8 65.9 Amortization of streaming content assets 6,197.8 4,788.5 3,405.4 2,656.3 2,122.0 Amortization of DVD content assets 60.7 79.0 79.4 71.9 71.3 Net cash used in operating activities (1,785.9) (1,474.0) (749.4) 16.4 97.8 Proceeds from issuance of debt 3,020.5 1,000.0 1,500.0 400.0 500.0 Proceeds from issuance of common stock 88.4 37.0 78.0 60.5 124.6 Outstanding senior notes 6,499.4 3,364.3 2,371.4 885.8 500.0 Source: Company 10-K Reports 2017, 2016, 2015, 2014, and 2013. EXHIBIT 7 Netflix's Outstanding Long-Term Debt as of May 2018 Debt Issues Principal Amount at Par Issue Date Maturity Date Interest Due DatesEXHIBIT 7 Netflix's Outstanding Long-Term Debt as of May 2018 Debt Issues Principal Amount at Par Issue Date Maturity Date Interest Due Dates 5.875% Senior Notes $1.9 billion April 2018 November 2028 April 15 and November 15 4.875% Senior Notes $1.6 billion October 2017 April 2028 April 15 and October 15 3.625% Senior Notes $1.561 billion May 2017 May 2027 May 15 and November 15 4.375% Senior Notes $1.0 billion October 2016 November 2026 May 15 and November 15 5.50% Senior Notes $700 million February 2015 February 2022 April 15 and October 15 5.875% Senior Notes $800 million February 2015 February 2025 April 15 and October 15 5.750% Senior Notes $400 million February 2014 March 2024 March 1 and September 1 5.375% Senior Notes $500 million February 2013 February 2021 February 1 and August 1 Sources: Company press release April 23, 2018 and Company 2017 10-K Report, p. 51