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NETFLIX, INC. 2021 Percent 2022 Percent CONSOLIDATED STATEMENT OF OPERATIONS I need two sentences report on the highlighted area between 2021 and 2022. (In thousands,
NETFLIX, INC. | 2021 | Percent | 2022 | Percent | ||
CONSOLIDATED STATEMENT OF OPERATIONS | I need two sentences report on the highlighted area between 2021 and 2022. | |||||
(In thousands, except share and per share data) | ||||||
Year ended December 31, | ||||||
Income Statement | ||||||
Revenues | $ 29,697,844 | 100.00% | $ 31,615,550 | 100.00% | ||
Cost of revenues | $ 17,332,683 | 58.36% | $ 19,168,285 | 60.63% | ||
Marketing | $ 2,545,146 | 8.57% | $ 2,530,502 | 8.00% | ||
Technology and development | $ 2,273,885 | 7.66% | $ 2,711,041 | 8.58% | ||
Gereral and administrative | $ 1,351,621 | 4.55% | $ 1,572,891 | 4.98% | ||
Operating income | $ 6,194,509 | 20.86% | $ 5,632,831 | 17.82% | ||
Other income (expense): | ||||||
Interest expense | $ (765,620) | -2.58% | $ (706,212) | -2.23% | ||
Interest and other income (expense) | $ 411,214 | 1.38% | $ 337,310 | 1.07% | ||
Income before income taxes | $ 5,840,103 | 19.67% | $ 5,263,929 | 16.65% | ||
Provision for income taxes | $ (723,875) | -2.44% | $ (772,005) | -2.44% | ||
Net income | $ 5,116,228 | 17.23% | $ 4,491,924 | 14.21% | ||
Earnings per share: | ||||||
Basic | $ 11.55 | $ 10.10 | ||||
Diluted | $ 11.24 | $ 9.95 | ||||
Weighted-everage common shares outstanding | ||||||
Basic | 443,155 | 444,698 | ||||
Diluted | 455,372 | 451,290 | ||||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | ||||||
Net Income | $ 5,116,228 | 17.23% | $ 4,491,924 | 14.21% | ||
Other comprehensive income (loss) | ||||||
Foreign currency transalation adjustments | $ (84,893) | -0.29% | $ (176,811) | -0.56% | ||
Comprehensive Income | $ 5,031,335 | 16.94% | $ 4,315,113 | 13.65% | ||
CONSOLIDATED STATEMENT BALANCE SHEET | ||||||
(In thousands, except share and per share data) | ||||||
Year ended December 31, | ||||||
Assets | Balance Sheet | |||||
Current assets: | ||||||
Cash and cash equivalents | $ 6,027,804 | 13.52% | $ 5,147,176 | 10.59% | ||
Short-term investments | $ - | 0.00% | $ 911,276 | 1.88% | ||
Other current assets | $ 2,042,021 | 4.58% | $ 3,208,021 | 6.60% | ||
Total current assets | $ 8,069,825 | 18.10% | $ 9,266,473 | 19.07% | ||
Content assets, net | $ 30,919,539 | 69.35% | $ 32,736,713 | 67.37% | ||
Property and equimpent, net | $ 1,323,453 | 2.97% | $ 1,398,257 | 2.88% | ||
Other non-current assets | $ 4,271,846 | 9.58% | $ 5,193,325 | 10.69% | ||
Total assets | $ 44,584,663 | 100.00% | $ 48,594,768 | 100.00% | ||
Liabilities and Stockholder's Equity | ||||||
Current liabilities: | ||||||
Current content liabilities | $ 4,292,967 | 9.63% | $ 4,480,150 | 9.22% | ||
Accounts payable | $ 837,483 | 1.88% | $ 671,513 | 1.38% | ||
Accrued expenses and other liabilities | $ 1,449,351 | 3.25% | $ 1,514,650 | 3.12% | ||
Deferred revenue | $ 1,209,342 | 2.71% | $ 1,264,661 | 2.60% | ||
Short-term debt | $ 669,823 | 1.50% | $ - | 0.00% | ||
Total current liabilities | $ 8,488,966 | 19.04% | $ 7,930,974 | 16.32% | ||
Non-current content liabilities | $ 3,094,213 | 6.94% | $ 3,081,277 | 6.34% | ||
Long-term debt | $ 14,693,072 | 32.96% | $ 14,353,076 | 29.54% | ||
Other non-current liabilities | $ 2,459,164 | 5.52% | $ 2,452,040 | 5.05% | ||
Total liabilities | $ 28,735,415 | 64.45% | $ 27,817,367 | 57.24% | ||
Stockholders' equity: | ||||||
Preferred stock | $ - | $ - | ||||
Common stock | $ 4,024,561 | 9.03% | $ 4,637,601 | 9.54% | ||
Treasury stock | $ (824,190) | -1.85% | $ (824,190) | -1.70% | ||
Accumulated other comprehensive loss | $ (40,495) | -0.09% | $ (217,306) | -0.45% | ||
Retained earnings | $ 12,689,372 | 28.46% | $ 17,181,296 | 35.36% | ||
Total stockholder's equity | $ 15,849,248 | 35.55% | $ 20,777,401 | 42.76% | ||
Total liabilities and stockholder's equity | $ 44,584,663 | 100.00% | $ 48,594,768 | 100.00% | ||
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