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Netflix OPERATING FORECAST In Millions (000,000) **** ACTUAL **** 12/31/ 2019 / / 2021 / 1 2022 / / 2023 / 1 2024 / 1 2025 Total Sales 20,156,447 100.0% $ 2. 100.0% $ 3 100.0% $ 5 100.0% $ 10 100.0% $ 20 100.0% Total Cost of Sales 12,440,213 61.7% 1 50.0% 1 33.3% 1 20.0% 7 70.0% 12 60.0% Gross Profit: 7,716,234 38.3% 1 50.0% 2 66.7% 4 80.0% 3 30.0% 8 40.0% Selling & Corp Expenses Selling Expenses Corporate/Admin Expenses Other Expense (if any) Total Operating Expenses 5,111,980 2,652,462 1,545,149 914,369 5,111,980 13.2% 7.7% 4.5% 25.4% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% C.0% 0.0% 0.0% 0.0% 0.0% 0 0 0 0 0 Operating Income 2,604,254 12.9% 1 50.0% 2 66.7% 4 80.0% 3 30.0% 8 40.0% Interest (Income) enter with "- sign" Interest Expense Other (Income) / Expense -84,000 626,023 542,023 -0.4% 3.1% 2.7% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Net Taxable income 1,520,208 7.5% 1 50.0% 2 66.7% 4 80.0% 3 30.0% 8 40.0% Income Tax 195,315 1.0% 0.0% 0.0% 0.0% 0.0% 0.0% Net Income $ 1,324,893 6.6% $ 1 50.0% $ 2 66.7% $ 4 80.0% $ 3 30.0% $ 8 40.0% Outstanding Shares at Year-End ** ** - Assume no change in # of shares Outstanding Shares - Basic Facebook Amazon Apple Netflix Google (Alphabet) 2,854,000,000 480,000,000 4,617,834,000 437,799,000 693,049,000 Netflix OPERATING FORECAST In Millions (000,000) **** ACTUAL **** 12/31/ 2019 / / 2021 / 1 2022 / / 2023 / 1 2024 / 1 2025 Total Sales 20,156,447 100.0% $ 2. 100.0% $ 3 100.0% $ 5 100.0% $ 10 100.0% $ 20 100.0% Total Cost of Sales 12,440,213 61.7% 1 50.0% 1 33.3% 1 20.0% 7 70.0% 12 60.0% Gross Profit: 7,716,234 38.3% 1 50.0% 2 66.7% 4 80.0% 3 30.0% 8 40.0% Selling & Corp Expenses Selling Expenses Corporate/Admin Expenses Other Expense (if any) Total Operating Expenses 5,111,980 2,652,462 1,545,149 914,369 5,111,980 13.2% 7.7% 4.5% 25.4% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% C.0% 0.0% 0.0% 0.0% 0.0% 0 0 0 0 0 Operating Income 2,604,254 12.9% 1 50.0% 2 66.7% 4 80.0% 3 30.0% 8 40.0% Interest (Income) enter with "- sign" Interest Expense Other (Income) / Expense -84,000 626,023 542,023 -0.4% 3.1% 2.7% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Net Taxable income 1,520,208 7.5% 1 50.0% 2 66.7% 4 80.0% 3 30.0% 8 40.0% Income Tax 195,315 1.0% 0.0% 0.0% 0.0% 0.0% 0.0% Net Income $ 1,324,893 6.6% $ 1 50.0% $ 2 66.7% $ 4 80.0% $ 3 30.0% $ 8 40.0% Outstanding Shares at Year-End ** ** - Assume no change in # of shares Outstanding Shares - Basic Facebook Amazon Apple Netflix Google (Alphabet) 2,854,000,000 480,000,000 4,617,834,000 437,799,000 693,049,000
